Cobalt Miners News Month May 2020

https://seekingalpha.com/article/4349766-cobalt-miners-news-for-month-of-may-2020

Cobalt demand in clean energy tech potentially up 460% by 2050, World Bank says
The production of cobalt may need to increase by 460% from 2018 levels over the next three decades to meet the growing demand for clean energy technologies, according to a report by the World Bank.

Cobalt demand in clean energy technologies is seen rising from 140,000 tonnes to 644,000 tonnes by 2050, the World Bank report estimated.

This is based on the wind, solar and geothermal power, as well as energy storage, required for achieving a below 2°C future, the World Bank said.

But growth in demand for cobalt, a key raw material used in batteries for electric vehicles, could also carry supply risks, as more than 60% of cobalt production is concentrated in the Democratic Republic of the Congo, where cobalt is mostly mined as a by-product of either copper or nickel.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.