#3/\EXCERPT/\Investing in Cobalt: CANADA,NORTH AMERICA,Potential New Sources The list of potential new sources of cobalt is large, ranging from huge new cobalt-containing nickel and copper deposits in Canada, Australia, Africa, and even deep-sea nodules and discoveries containing polymetallic minerals.
Again though, the main development has been the increase in mining activity in the DRC where, until recently, significant volumes of ore and concentrate were being mined for refining elsewhere.
The DRC government has, from time to time, put restrictions on the export of ores and concentrates in order to encourage greater development of downstream processing in the country. It’s also been reviewing and renegotiating mining contracts.
Because approximately 85% of all cobalt production is either copper or nickel related, the actual price of cobalt is not a determining factor in the viability of most of the production sources or potential new sources.
Any company looking to establish a primary cobalt operation needs to have strong economics and a strategic advantage to be able to withstand the ability of large producers of copper and nickel (with cobalt as a by-product) to increase its production.
Cobalt Basics,Cobalt is a hard, shiny, and grayish metal. 35% of cobalt production is copper related
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