Thursday, December 14, 2017 12:53:27 PM
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
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM