- 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…
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