Shanshan, a multi-billion Chinese listed company, one of the world's largest producers of materials for lithium ion battery manufacture, had a JV with HRR back in 2009 for Yerilla Nickel Cobalt project.
ARL's KNP (previously owned by HRR) has much larger cobalt resource than Yerilla's.
Cobalt is projected to be in deficit over next three years.
China, the world's leading consumer of cobalt, has only 80,000t cobalt reserves according to the USGS.gov.
ARL, could be a strategic target for Chinese companies due to its large cobalt (386,400t contained cobalt) & nickel (5.6Mt contained nickel) resource.
About 90 percent of China's cobalt originates in Congo.
Recently Child mining in Congo, causes Apple to stop buying cobalt from Congo, this could lift cobalt price further, imo.
Largest cobalt resource with lowest valuation, page-66
-
- There are more pages in this discussion • 2,514 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.015(3.23%) |
Mkt cap ! $95.84M | |||
| Open | High | Low | Value | Volume |
| 46.8¢ | 48.0¢ | 45.5¢ | $11.78K | 25.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 81978 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 23716 | 4 |
View Market Depth
| Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |