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E-mobility causes rising demand for raw materials

Fossil fuels will have to give way more and more in the future when it comes to powering vehicles.

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The automotive industry started working on electromobility years ago. Battery-powered vehicles are selling well today, in the USA, in China and also here in Germany. In the first six months of the current year, more electric vehicles were already sold in Germany than in Norway, where sales are strong. The main raw materials needed for batteries are lithium, nickel and cobalt. 

Cobalt mostly comes from the Congo. According to the U.S. Geological Survey, 95,000 tons were produced there in 2020, which corresponds to about 60 percent of global production. As cobalt mining there must be viewed critically, the London Metal Exchange is concerned with responsible procurement. The second largest cobalt supplier is Russia with 6,300 tons, which is significantly less than Congo. Next in the list of producers are Australia, the Philippines, Cuba and Canada. In Canada, the cobalt mostly comes from large nickel and copper mines. In seventh place is Papua New Guinea, followed by China, Morocco and South Africa.

There is also cobalt in Finland. Here, Mawson Gold - https://www.youtube.com/watch?v=CmhhvlWgTdw - owns the Rajapalot gold-cobalt project. This is a significant resource that can probably still be expanded. 

The Canada Nickel Company - https://www.youtube.com/watch?v=KMo4yB9qHYc - can score with the battery metals cobalt and nickel (Crawford project in Ontario). Nickel is important not only for electromobility but also for the emerging stainless-steel market.

Current corporate information and press releases from Mawson Gold (https://www.resource-capital.ch/en/companies/mawson-gold-ltd/) and Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/).
 
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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