I may also add, for anyone of interest, that there is no other cathode other than the cobalt-cathode capable of achieving such high energy densities. There are other cathodes like Fe-Phosphate (BYD batteries e.g.), but these have lesser energy densities, meaning that if you want to make an electric car that will go further or a smartphone that will last longer, there is just no other way beside it (not even the high-voltage-spinel cathode some companies like NNO.V are proposing).
However only 6% of the world’s cobalt is produced as a primary mine product while 94% is produced as a by-product of nickel and copper mining. This means that because nickel and copper both trading at multi-year lows, mining companies are suspending operations at marginal nickel, copper and cobalt mines worldwide; and due to these mine closures, cobalt production is expected to fall in 2016 and remain at lower levels until nickel and copper demand recovers and mines return to production.
GXY Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
