- Cobalt prices more than doubled in 2017, with battery production driving demand
- Global cobalt supply shortage likely brewing with world’s increasing shift to electric vehicles
- Concerns continue over illegal cobalt mining operations and child labor in geopolitically unstable Democratic Republic of the Congo
The world’s appetite for electric vehicles and battery-driven mobile technologies appears to be insatiable, and this demand could generate cobalt supply problems in the not-too-distant future (http://nnw.fm/8Scqa). Several of the world’s biggest auto companies and tech giants are reportedly looking to bank vast amounts of the metallic element in a bid to secure long-term cobalt supplies (http://nnw.fm/9MP5t).
First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF), a leading cobalt explorer in North America, is making its own play to provide conflict-free cobalt to the market, a direct reference to global concerns raised over the geopolitical instability and child labor practices of the Democratic Republic of the Congo. The Congo, which produces roughly 60 percent of the world’s cobalt…
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