Building North America's Next Primary Cobalt Mine

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.

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