Sobokta believes a fossil fuel resurgence is temporary, and the transition to a lower carbon economy “cannot be stopped,” which will require a projected $50 trillion in the next three decades. “Anything between $200-$300 billion in investment per year will be required for the mining industry to satisfy demand for the energy transition,” he said, with much of this invested into the mining of copper, nickel, cobalt and other metals.In an environment of high prices and supply chain pressures, Sobokta expects companies and countries to stockpile strategic raw materials, including oil, copper, cobalt and other metals.“If you get small supply disruptions, you are going to see big swings in prices,” Sobokta said, adding that he expected to see an impact in the second half of 2022.Major end-users such as the automotive industry are already trying to strike long-term off-take agreements to buy metals such as lithium and cobalt at current market prices, he said. QUOTE
Strong future ahead for COB in a long term demand situation IMO
https://www.mining.com/web/commodities-in-perfect-storm-says-erg-as-crisis-starts-super-cycle/
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Last
8.5¢ |
Change
-0.001(1.16%) |
Mkt cap ! $35.84M |
Open | High | Low | Value | Volume |
8.6¢ | 8.6¢ | 8.3¢ | $46.55K | 549.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 230600 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.5¢ | 6131 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 230600 | 0.083 |
1 | 1800 | 0.082 |
3 | 122000 | 0.081 |
15 | 648971 | 0.080 |
1 | 12540 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 6131 | 2 |
0.086 | 63000 | 2 |
0.087 | 34185 | 2 |
0.089 | 7000 | 1 |
0.090 | 3000 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
8.4¢ |
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Change
-0.001 ( 2.33 %) |
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Open | High | Low | Volume | ||
8.5¢ | 8.5¢ | 8.3¢ | 337807 | ||
Last updated 15.58pm 05/06/2024 ? |
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