Germany needs a domestic battery industry
Asian electric vehicle manufacturers are increasingly pushing their way into the world market. The dependence of German automobile manufacturers on Asian battery suppliers is also to be countered. Therefore, Germany has now made a billion euros available to support the study of the manufacture of electric car battery cells. A research institution is to be supported. After all, it is ultimately about jobs in our country.
Because the turning away from combustion engines will come. The German car industry is also weakening, partly because of the exhaust gas debate. The industry's production slumped by seven percent in the third quarter. The government-sponsored "Clean Air Immediate Programme" project was recently increased to 1.5 billion euros. The German car manufacturers are also financially involved here. Among other things, the purchase of electric vehicles in the municipal sector is to be stepped up.
In order to be able to produce sufficient lithium-ion batteries for the future, various raw materials are needed, such as cobalt. This is the case not only in Congo, which is problematic from various points of view, but also in the USA.
In Idaho, First Cobalt - https://www.commodity-tv.net/c/search_adv/?v=298726 - owns a primary cobalt property (Iron Creek), 50 small mines at Canadian Cobalt Camp, and the only cobalt refinery in North America with battery quality. Recent drill results have resulted in a welcome expansion of mineralization at the Iron Creek project. We can therefore look forward to the updated resource estimate, presumably at the beginning of 2019.
M2 Cobalt - is looking for its cobalt luck in Uganda, East Africa. The mineral trend is similar to cobalt mines in neighbouring Congo. The advantage of Uganda, however, lies in its political stability. M2 Cobalt controls nearly 2,500 square kilometers of the most important cobalt licenses in Uganda.
Current company information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp.html).
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