- United States concerns about other countries “stealing” its technologies are at heart of political rift with China
- China processes 80 percent of the world’s cobalt; First Cobalt owns only permitted cobalt refinery in North America
- First Cobalt drilling program in Idaho is exploring promising mineral strike for important tech-friendly metal
The United States’ efforts to prevent foreign investors from “stealing” U.S. technology and intellectual properties could bolster the prospects of domestic mineral exploration companies such as First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC). First Cobalt has been focusing its recent exploration efforts on a mineralized strike in Idaho’s prolific Cobalt Belt that could have national security implications as well as an impact on the production of in-demand modern tech items ranging from smartphones to electric vehicles.
Discovering and developing North American cobalt supply sources has already been a priority among some mining companies, as concerns over changing tax laws and the human rights violations reported in the Democratic Republic of the Congo — the world’s largest producer of the metal on an incomparable scale (http://nnw.fm/Jm0aJ) — have spawned efforts to create a conflict-free supply chain. The United States government’s concerns about losing…
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