A Demand for Batteries has Sparked a Cobalt Frenzy. What Will Happen Next?

Mar 16, 2018 11:48:00 AM

 

Cobalt, a blue-gray metallic element, atomic number 27 on the periodic table of elements, is utilized in a variety of everyday applications such as producing alloys used manufacturing jet engines. It's used in making magnetic steel, in electroplating, and in manufacturing certain types of stainless steel. Radioactive cobalt-60 is used in medicine for treating some cancers.

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Topics: Mining, Artificial Intelligence, Lithium, Exploration, Cobalt

Apple Planning to Buy Cobalt Directly from Miners

Mar 6, 2018 1:36:51 PM

Until recently, cobalt has been somewhat of a sleeper on the commodities market. It was much less in the news than other metals such as gold, silver, and copper, but that's changing. Cobalt is a prime ingredient in the making of lithium-ion batteries, used in the manufacture of mobile phones, with Apple Inc., a leader in the mobile phone industry, being one of the world's largest end users.

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Topics: Mining, Lithium, Cobalt

Electric Car Boom Drives Lithium Demand to Mining's $90 Billion Hub

Jan 24, 2018 12:16:39 PM

 

There's no escaping the fact that electric vehicles ( EVs), are garnering tremendous attention in the transportation industry. Tesla, Elon Musk's pioneering company and leading manufacturer of electrically-powered cars, has just recently come out with their most affordable car yet, the Model 3 sedan, with a sales price of about $35,000. Tesla plans to manufacture 20,000 Model 3 vehicles per month starting in 2018.

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Topics: Mining, news, Lithium