NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Continues Exploration Efforts as Cobalt Demand is Projected to Double by 2027
As demand for cobalt is forecasted to skyrocket, pure-play cobalt company First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) continues exploration at its flagship asset, the Iron Creek Cobalt Project in Idaho. An article discussing the company reads, “Cobalt is relatively scarce, and demand for it is on the rise worldwide, being fed by the lithium-ion battery industry. A lot of the global cobalt sourcing is facing major challenges because of an extensive dependence on the resource found in the Democratic Republic of the Congo. Child labor is common there, giving alternative producers like First Cobalt a significant ethical advantage. … Industry analysis suggests that the demand from the li-ion battery sector alone will more than double until 2027. There are also concerns about the inability of cobalt miners to continue meeting this demand after 2021. Predictive analysis further confirms the importance of the work First Cobalt is doing at the Iron Creek Cobalt Project.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
As demand for cobalt is forecasted to skyrocket, pure-play cobalt company First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) continues exploration at its flagship asset, the Iron Creek Cobalt Project in Idaho. An article discussing the company reads, “Cobalt is relatively scarce, and demand for it is on the rise worldwide, being fed by the lithium-ion battery industry. A lot of the global cobalt sourcing is facing major challenges because of an extensive dependence on the resource found in the Democratic Republic of the Congo. Child labor is common there, giving alternative producers like First Cobalt a significant ethical advantage. … Industry analysis suggests that the demand from the li-ion battery sector alone will more than double until 2027. There are also concerns about the inability of cobalt miners to continue meeting this demand after 2021. Predictive analysis further confirms the importance of the work First Cobalt is doing at the Iron Creek Cobalt Project.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
