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Cobalt and copper - indispensable for the future

Around 12 kilos of cobalt are contained in the battery of an electric car. Without cobalt there are no lithium-ion batteries

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The batteries are not only used in electric vehicles, but also in smartphones, laptops and cameras. If electric cars are to populate the streets instead of climate-damaging diesel and gasoline engines, an enormous amount of cobalt is needed. The Federal Institute for Geosciences and Natural Resources is already warning against a shortage of this critical resource. The price for a ton of cobalt is around 23,000 US dollars.

The largest producer of cobalt is the Democratic Republic of Congo. In 2018, 90,000 tons were produced there, almost 70 percent of the world's supply. The five largest cobalt mines, all of which also supply copper, are located in Congo.

Since the Congo is not so politically stable, a cobalt mine in North America like First Cobalt's Iron Creek cobalt project is a particular advantage. The First Cobalt cobalt refinery cooperates with Glencore - https://www.commodity-tv.net/c/search_adv/?v=299213. First production is expected at the end of 2020. In 2021 the extended plant is to be put into operation.

Copper is also a raw material that is indispensable in many areas. Mass electrification, electric vehicles and large infrastructure projects need copper. Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298887 - mines it in the 75 percent owned Copper Mountain Mine in British Columbia. It produced a solid 22.1 million pounds of copper equivalent in the second quarter of 2019. In addition to this flagship project, Copper Mountain owns the Eva Copper project in Australia. This has already been approved.

Current company information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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