Global Demand Rising Quickly as Cobalt and Lithium
Post# of 166
(Total Views: 257)
Posted On: 12/03/2017 5:14:14 PM
Global Demand Rising Quickly as Cobalt and Lithium Supply Tightens
PALM BEACH, Florida, November 29, 2017 /PRNewswire/ --
The prices of cobalt and lithium have skyrocketed recently because of worries that supply of the vital metals may not be able to keep pace with demand. Once an unlikely hero in precious metals, cobalt continues to shine and outpace all expectations as global demand skyrockets in light of the rising number of electric vehicles. Cobalt prices alone have nearly doubled since the start of 2017 to trade near $29 per pound, according to data from Metal Bulletin. Although the searing pace could potentially hurt the long-term supply of the resource, cobalt leaders are releasing impressive results from excavations to boost performance and provide lucrative revenue streams as 2017 comes to a close. Cobalt/Lithium miners with developments include: LiCo Energy Metals Inc. (OTC: WCTXF)(TSX-V: LIC), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Lithium Americas Corp. (TSX: LAC.TO) (OTC: LACDD), Rio Tinto plc (NYSE: RIO), Glencore plc (OTC: GLNCY) (LSE: GLEN).
Lithium Americas Corp. (TSX: LAC.TO) (OTCQX: LACDD) closed up 3.38% on Tuesday with a volume north of 600,000 traded by the market close. Earlier in the week, the company announced that Ms. Jean M. Fraser has been appointed to the Company's Board of Directors. Ms. Fraser has had a distinguished legal career as a partner and leader at Osler, Hoskin & Harcourt LLP, a pre-eminent Canadian law firm. She has been a leading advisor of boards and management of prominent public companies on corporate governance, multi jurisdictional transactions and other business critical matters. Lithium Americas' Chairman, George Ireland commented: "Ms. Fraser is a highly regarded corporate counsel and expert in the area of corporate governance. She brings a wide array of business experience, and we are very pleased to welcome her to the Board of Lithium Americas."
PALM BEACH, Florida, November 29, 2017 /PRNewswire/ --
The prices of cobalt and lithium have skyrocketed recently because of worries that supply of the vital metals may not be able to keep pace with demand. Once an unlikely hero in precious metals, cobalt continues to shine and outpace all expectations as global demand skyrockets in light of the rising number of electric vehicles. Cobalt prices alone have nearly doubled since the start of 2017 to trade near $29 per pound, according to data from Metal Bulletin. Although the searing pace could potentially hurt the long-term supply of the resource, cobalt leaders are releasing impressive results from excavations to boost performance and provide lucrative revenue streams as 2017 comes to a close. Cobalt/Lithium miners with developments include: LiCo Energy Metals Inc. (OTC: WCTXF)(TSX-V: LIC), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Lithium Americas Corp. (TSX: LAC.TO) (OTC: LACDD), Rio Tinto plc (NYSE: RIO), Glencore plc (OTC: GLNCY) (LSE: GLEN).
Lithium Americas Corp. (TSX: LAC.TO) (OTCQX: LACDD) closed up 3.38% on Tuesday with a volume north of 600,000 traded by the market close. Earlier in the week, the company announced that Ms. Jean M. Fraser has been appointed to the Company's Board of Directors. Ms. Fraser has had a distinguished legal career as a partner and leader at Osler, Hoskin & Harcourt LLP, a pre-eminent Canadian law firm. She has been a leading advisor of boards and management of prominent public companies on corporate governance, multi jurisdictional transactions and other business critical matters. Lithium Americas' Chairman, George Ireland commented: "Ms. Fraser is a highly regarded corporate counsel and expert in the area of corporate governance. She brings a wide array of business experience, and we are very pleased to welcome her to the Board of Lithium Americas."
(0)
(0)