- Despite recent market downturns in the cobalt sector, market analysts see more than 10 percent CAGR during coming decade
- Cobalt helps supply critical power to computer industry
- First Cobalt anticipates updated resource estimate completion in early 2019 for flagship United States cobalt exploration
- First Cobalt is also investigating options for restarting its refinery — the only permitted refinery capable of producing battery-grade cobalt in North America
A sustainable cobalt resource in North America could provide the world’s leading tech manufacturers with a conflict metal that’s free of the human rights concerns and profiteering politics evident in the Democratic Republic of the Congo, where 58 percent of global cobalt production originated last year (http://nnw.fm/cilV1) and as much as two-thirds of the world’s output has been recorded. Aggressive work by pure-play cobalt explorer First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is making a commercial North American source look more and more like a possibility.
Cobalt is a rare yet necessary resource for modern computerized equipment, making up about 60 percent of the lithium cobaltate in the positive electrodes of…
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com