March 21, 2016
Jon Hykawy of Stormcrow Capital: Cobalt Supply Needs to Rise
Publisher: Investing News
Author: Charlotte McLeod
With demand for lithium-ion batteries growing, the world will need more cobalt from more geographically diverse sources, said Hykawy at PDAC.
By all accounts, lithium, graphite and cobalt got a lot of attention at this year’s Prospector’s & Developers Association of Canada (PDAC) conference.
Hype surrounding the metals stems from the fact that they’re all used to make lithium-ion batteries, which are required by electric vehicle makers. In particular, many market participants are excited by the fact that Tesla Motors (NASDAQ:TSLA) and other major companies are building lithium-ion battery megafactories that will make large amounts of the batteries and require vast quantities of lithium, graphite and cobalt.Click here to read the full Cobalt Investing News report.
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