NZC nzuri copper limited

Without Cobalt from DRC, there is no EV revolution

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    https://www.ft.com/content/44af43da-a1d6-11e7-8d56-98a09be71849

    "Cobalt faces the most difficult supply dynamics for car and battery makers. As much as 65 per cent comes from the DRC, one of the world’s poorest countries. Analysts at UBS expect cobalt demand to double by 2020 to around 200,000 tonnes a year, and say new projects are required over the longer term to avoid a deficit."

    “The sheer volume of new supply needed by the market means there will be no EV industry without DRC cobalt,” says Simon Moores, head of London-based Benchmark Mineral Intelligence, which provides market price assessment for battery materials.

    “The sheer volume of new supply needed by the market means there will be no EV industry without DRC cobalt,” - Simon Moores



 
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