NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 01/15/2019 3:35:38 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Seeks Alternative Cobalt Source amid Human Rights Concerns in the DRC
First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is working toward creating a North American cobalt supply chain to meet mounting demand for the metal as human rights concerns and profiteering politics are continuously problematic for cobalt produced in the Democratic Republic of the Congo (DRC). An article discussing the company reads, “Cobalt is a rare yet necessary resource for modern computerized equipment, making up about 60 percent of the lithium cobaltate in the positive electrodes of the lithium-ion batteries that power everything from smartphones to electric vehicles and positioning it as a definitive element for the modern era. . . . After record price increases in 2017 and early 2018, cobalt’s market price has fallen as the DRC has output large quantities of the important metal (http://nnw.fm/hwe6L). However, the DRC’s internal problems are causing companies heartburn outside of the country, and market analysts predict that the metal’s revenues will continue to grow at a CAGR of 10.3 percent through 2026 (http://nnw.fm/H1nxA).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is working toward creating a North American cobalt supply chain to meet mounting demand for the metal as human rights concerns and profiteering politics are continuously problematic for cobalt produced in the Democratic Republic of the Congo (DRC). An article discussing the company reads, “Cobalt is a rare yet necessary resource for modern computerized equipment, making up about 60 percent of the lithium cobaltate in the positive electrodes of the lithium-ion batteries that power everything from smartphones to electric vehicles and positioning it as a definitive element for the modern era. . . . After record price increases in 2017 and early 2018, cobalt’s market price has fallen as the DRC has output large quantities of the important metal (http://nnw.fm/hwe6L). However, the DRC’s internal problems are causing companies heartburn outside of the country, and market analysts predict that the metal’s revenues will continue to grow at a CAGR of 10.3 percent through 2026 (http://nnw.fm/H1nxA).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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