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19/07/18

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Originally posted by ozcsr007 ↑

Anthony Milewski: Why Cobalt Still Has a Bright Future

Priscila Barrera - July 16th, 2018

The Investing News Network caught up with Anthony Milewski, CEO of Cobalt 27 Capital, at this year’s Lithium Supply and Markets conference to get more insight on the cobalt market.

The Investing News Network caught up with Anthony Milewski, CEO of Cobalt 27 Capital (TSXV:KBLT), at this year’s Lithium Supply and Markets conference to get more insight on the cobalt market.
Speaking about cobalt supply, Milewski said he expects a number of cobalt projects to come on stream in the next few years, which will help supply the demand from the electric car sector.
“The key risk from my perspective is not price, it’s not “is there enough cobalt?” Instead, it’s just simply risk associated with concentration and concentration in a difficult place —namely the Democratic Republic of Congo (DRC),” he added.
Most of the world’s cobalt production is mined in the DRC, a politically-unstable country where mining has been often linked with human right abuses and child labor.
“I think that the industry is going to have to develop a solution for monitoring cobalt all the way back to really the first shovel of dirt in order to give confidence to the entire supply chain that we’re not actually putting this conflict cobalt into our devices,” he said.
Milewski also shared his thoughts on the ongoing debate over a change in technology and chemistry in lithium-ion batteries.
“I think it’s much ado about nothing, so much air time and noise gets given to this topic but if you actually are able to sit down with battery makers and really talk with them off the record, we hear the same thing over and over and over again which is the overwhelming majority of CAPEX is going into the nickel–manganese-cobalt (NMC) battery,” he said.
Cobalt 27’s CEO also mentioned some of the factors that cobalt-focused investors should keep an eye out for in the next few months.
“If you’re an automaker and one of your competitors, whether it’s directly or through the battery maker, secures its basic material, raw material needs, I think it starts to put pressure on you and so, I anticipate that one of the drivers of interest for Q3 and Q4 this year is going to be long term agreements from battery makers and carmakers starting to come into the market,” Milewski said.

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Source: https://investingnews.com/daily/res...f-cobalt-in-batteries-risks-and-supply-chain/

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Worth sitting through 13 minutes of audio gives a very informative view that is delivered well with a lot of pertinent facts regarding the future of the industry.
COB Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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