Cobalt’s dramatic demand bump gives rise to novel investment vehicle

0
244
energy metal supplies

HENRY LAZENBY on MINING WEEKLY | 1 December 2017

Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle’s profits can outpace its peers.

Cobalt, a critical ‘energy metal’ used to make lithium-ion batteries, has become the backbone of the ‘Fourth Industrial Revolution’ and has seen a 150% price hike over the last 12 months, something Cobalt 27 Capital chairperson, director and CEO Anthony Milewski saw coming a long way off.”

Read the full article on Mining Weekly