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mrbizzard

09/29/17 1:16 PM

#4771 RE: Value_Investor #4770

$WCTXF As the demand for Li-ion batteries to power consumer products ranging from smartphones to electric vehicles increases, the cobalt mining market is being pushed to new levels with major and junior miners scrambling to ramp up mining operations for extracting minerals and advance drilling efforts. In a recent report issued by CRU Group, cobalt demand is expected to exceed 100kt in 2017 and total demand of cobalt materials are estimated to increase at a CAGR of 11.6 percent over the next ten years. Active miners this week include: Vale S.A. (NYSE: VALE), LiCo Energy Metals Inc.