Share
19 Posts.
lightbulb Created with Sketch. 2
clock Created with Sketch. 03/08/23
10:28
Share
Originally posted by plonka:
↑
I am very bullish on the future of Tungsten, which is one of the main reasons I try and keep up with G6M even though I am not invested. Nyobolt and there fast charging batteries are a huge potential area of growth for the tungsten market. EV manufacturers have been trying to solve the "cobalt" problem for a while and I would have a guess are putting more resources into solving the issue today than ever before. Tungsten batteries are the only solution I know of that has benefits, not negatives that are a trade off. Having said that my knowledge on batteries is very basic and I am sure there is a huge amount of info out there I am unaware of or wouldn't understand. But having a battery where Cobalt is replaced with Tungsten results in faster charge times, more charge cycles, increased energy density and increased safety. Currently Tungsten is cheaper than Cobalt and I think Cobalt has about twice the global production as Tungsten does. The cost of cobalt is a big driver for removing it in batteries. If Tungsten can replace Cobalt and provide positives the cost benefit is going to be very short lived, IE the tungsten price will increase. Cobalt has massive ESG issues too, I am sure both G6M and EQR will compare very positively on an ESG basis. Nyobolt plans to have its Tungsten lithium battery in production by 2026.
Expand
Thanks for that analysis. I agree about fusion, not that I will live to see it in commercial production. I think we probably agree that Tungsten has become ( at this point in time) intrinsic to the world economy. I certainly do not want to see a conflict China/US and friends, but if you look at Tungsten prices in times of conflict /tension it's hard to believe what you are seeing in terms of price escalation. (albeit short lived)
