CNJ 0.00% 0.2¢ conico ltd

Capital raising at sub 1c, page-14

  1. 2,286 Posts.
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    Great website, only a matter of time before it is developed, wouldn't be surprised it happens this year with Cobalt & Nickel prices starting to take off. With electric cars estimated to be 50% of the cars on the road by 2030, the demand for Cobalt will grow substantially in the next several years and also the price. A lot of the car manufacturers will be looking for a responsible safe sustainable sources like Australia not from the Democratic Republic of Congo (which currently the biggest supplier of Cobalt) where it is mined in unsafe conditions, many fatalities occur in these mines and tens of thousands of children are often exploited in substandard working conditions.
    Many ethically sensitive investors in major mining companies and manufacturers are becoming increasing strident in wanting their companies to seek Cobalt supplies from sustainable sources but also adhering to minimum working standards and conditions like in Australia.
    Last edited by The Mechanic: 23/02/22
 
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