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July 25, 2016

InvestorIntel Report: The big cobalt catch-up

Publisher: Investor Intel

Author: John Bromby

THIS IS NOT AN OFFICIAL COMPANY NEWS RELEASE
- FOR THE INFORMATION OF SHAREHOLDERS AND INTERESTED PARTIES ONLY -




InvestorIntel -Monday, July 25, 2016

InvestorIntel Report: The big cobalt catch-up

Excerpts from the report include:

Here’s the big cobalt question: why did it take so long? By that, I mean, why did it take so long for the market, and miners, to realize that —- with the expected huge surge in demand for lithium-ion batteries —- there would also be a large rise in demand for cobalt.

and…

A few companies knew all about the situation. Formation Metals Inc. (TSX: FCO | OTCQB: FMETF | Frankfurt: FOQ) has a cobalt project that has two advantages: one, it is one of the few global primary cobalt projects (most cobalt is now produced as a by-product) and, two, it is located in Idaho which is a stable mining jurisdiction.) And it was predicting demand growth for cobalt was running at 5.4% a year but supply growth was running at just 2.4%. Cobalt is expected to go into deficit this year. Formation expects mine closures and other factors to mean global output will decline 11% this year. Now, again people are sitting up and taking notice.

Formation Metals Inc. is an advertorial member of InvestorIntel.

For the link to the complete article, please click here.
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