- Over half the world’s cobalt is currently mined in the Democratic Republic of the Congo, where political instability and ethically-challenging labor conditions cause major concern for investors and international consumers
- Marifil holds mining claims to 15,250 hectares (37,700 acres) of land in South America’s famed ‘Lithium Triangle’, with other properties in central and southwest Argentina focusing mainly on cobalt, lithium and gold
- Lithium-ion battery market set to reach $68 billion, while EV industry is expected to be worth almost $128 billion by 2022
As Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) moves into position to take its role in the global supply chain, a key mining industry publication has reported that electric vehicle manufacturers remain anxious to secure supplies of cobalt and lithium (http://nnw.fm/19snB). Mining Technology says that China is maneuvering to secure a tighter grip on cobalt supplies, which, along with lithium, are crucial to the production of electric vehicle power supplies.
The International Monetary Fund (IMF) recently voiced concern about cobalt in particular, since well over half of the world’s cobalt is currently mined in the…
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