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Batteries create critical cobalt situation

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GetRich902902   Friday, 09/27/19 11:01:51 AM
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Batteries create critical cobalt situation

Cobalt is a critical safety ingredient in the cathodes of lithium-ion batteries powering the ever-increasing number of electric vehicles traveling global highways and a plethora of cordless electrical devices.

"Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy storage units, and power tools," the United States Geological Survey wrote in a 2018 report on critical minerals

As a result, the rechargeable battery sector will drive the demand of cobalt higher, faster than the mining sector will bring new supplies of the battery metal to market.


Australian Mines LTD (AMSLF) has plenty of cobalt. Get in while this stock is affordable.

https://www.miningnewsnorth.com/page/batteries-create-critical-cobalt-situation/5749.html

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