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Cobalt, palladium and platinum for new technologies

Promising new fuel cell technology to be tested in Israel soon

The new technology is based on a cobalt-based catalytic converter that is designed to offer twice the range at half the price. The fuel consists of 60 percent water, which is converted into hydrogen and then into electricity. The spent fuel is recovered, replenished with water and hydrogen and recycled for reuse. The fuel is based on boron, a chemical element.

The energy density of this system should be extremely high. Emission-free driving should score here. The first commercial plants are expected to work with it as early as 2021. The decisive raw material is cobalt, which is indispensable for the growing market of electric vehicles. Above all cobalt, which does not come from the Congo or China, is in demand.

This is what First Cobalt wants to deliver - https://www.commodity-tv.net/c/search_adv/?v=298726. The company's Iron Creek cobalt project is located in Idaho, USA. In addition to this flagship project, First Cobalt owns the only approved cobalt refinery in North America and 50 former mines in the Canadian cobalt camp.

Platinum is used in the chemical and electronics industries and in fuel cells, i.e. just like cobalt, in the automotive industry,
is used. The increasing number of fuel cell vehicles should further fuel the demand for platinum, as no sharp slump in sales of combustion engines is to be expected in the foreseeable future.

Palladium has similar chemical properties and therefore similar applications. The price of this metal has already risen significantly in 2019, by around 14 percent. Sibanye-Stillwater - https://www.commodity-tv.net/c/search_adv/?v=298805 - is one of the largest companies in the group of platinum and palladium producers. The projects are located in the USA and South Africa.

Current corporate information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp.html) and Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd.html).

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 English 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: www.resource-capital.ch/en/disclaimer.html

 

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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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