Fuse Battery Metals Inc. (FUSEF)

[jedijazz]

Cobalt Trends 2017: Prices Spike as Supply Concerns Grow

What happened in the cobalt market this year? Here's a look at the major cobalt trends in 2017, from responsible sourcing to electric vehicle demand.

As demand for electric cars increase, the need for cobalt is also expected to soar, as the metal is a key component in EV batteries. In total, surging demand for electric vehicles is expected to push demand for lithium-ion batteries above 400 GWh by 2025, Benchmark Mineral Intelligence says. Lithium-ion batteries contain about 11 kilograms of cobalt each.

“We forecast battery demand for cobalt to go from 46,000 tonnes in 2016 to 76,000 tonnes by the end of 2020 and from a cobalt producers perspective supply needs to keep up with, or be close to, expanded demand,” Benchmark Mineral Intelligence analyst Caspar Rawles said in February.

https://investingnews.com/daily/resource-investing/critical-metals-investing/cobalt-investing/cobalt-trends/

$WCTXF