Snippets from story... They have a good video there also...
The deal marks the Chinese company’s entry into cobalt, one of the specialty metals used in rechargeable batteries. The battery market is expanding as more consumers turn to electric cars made by companies such as Tesla Motors Inc. and look to store renewable energy to power appliances when there’s little wind or sunshine.
Madhavpeddi is also upbeat on copper’s prospects, saying the metal has bottomed out: “If you look at the production side, you have a falling grade for the last 30 years and the supply side won’t be able to keep up in the long term.”
http://www.bloomberg.com/news/artic...-was-a-reluctant-seller-with-copper-bottoming
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Tesla Battery Drive Lures China Molybdenum Into Cobalt
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