Australia's largest stock trading and investment forum Australia's #1 stock forum

Battery material supply news stories regarding cobalt, graphite...

First 3 Last

Share
Profile

Follow
bluesamurai

8,759 Posts.

1345

01/11/17

13:55

Post #: 28397082
Share

Originally posted by bluesamurai ↑

The value of gold is as a primary store of wealth, and jewellery supply. If it was beholdent to one country with 63% of the market , and unstable at that, how would the price of the metal be reflected. Of course this is not the case. There are a large number of producing gold mines spread globally underpinning the market.
Now consider cobalt supply which is operating under this impost with Congo controlling 63% of the market . Cobalt is used in many industrial industries, but now 43% of the supply is being used for battery production in use in EV car manufacture. There is a growing deficit of supply which will continue to grow as the EV market really takes off in 2019/20. The amount of batteries required will increase at an alarming rate.The predominant supply of cobalt emerges as a byproduct of copper & nickel production . There are very few pure cobalt resources on the horizon so they will become extremely valuable IMO.

Expand

Battery material supply news stories regarding cobalt, graphite & lithium are becoming the most talked about in all mining news media. Seems cobalt has gained the most coverage, at last the market is waking up to the critical importance of the metal. Looking forward to the excitement of the next couple of months , this frenzy will not subside IMO.
3 Upvote

Reply

There are more pages in this discussion • 2 more messages in this thread...

First 3 Last