A few days ago in Brussels, the EU countries and the European Parliament agreed on a strong reduction in carbon dioxide emissions from new cars by 2030. Between 2021 and 2030, the amount released is to be reduced by 37.5 percent. The fact that the car industry and also the German government preferred more lax rules shows that these targets will actually be demanded by carmakers.
Either the engines become smaller on average with probably less power, or improved technologies reduce pollutant emissions. Both shouldn't suit every car fan. In one case the coveted engine power is missing, in the other the price is likely to go up. Both should in any case make cars from the electromobility sector more competitive.
Further impetus for e-mobility also comes from improved and, above all, more batteries. A metal sought by battery manufacturers according to today's battery technology is cobalt. Due to the high price substitutions are sought. Nevertheless, the demand and thus the price of cobalt should remain high in the near future. Companies with promising cobalt projects - especially outside the problematic Congo - such as First Cobalt, are therefore also likely to remain sought after.
First Cobalt - https://www.commodity-tv.net/c/search_adv/?v=298726 - owns the Iron Creek primary cobalt property in Idaho. There are also 50 mines in Canadian Cobalt Camp and the only cobalt refinery in North America with battery quality. First Cobalt has set itself the goal of creating a North American cobalt supply chain for the American market.
Copper and silver also receive positive demand impulses from electromobility. The impact this will have on prices will become apparent in the coming years. However, it does not seem absurd for investors willing to take risks to position themselves in these commodities now. One company that has found copper and silver in its projects in addition to gold is Panoro Minerals.
The projects of Panoro Minerals - https://www.commodity-tv.net/c/search_adv/?v=298798 - are located in Peru. These are two projects at an early stage and two projects at an advanced stage. The four projects are all located in the south of Peru, a strategically important area where a lot of investment is being made.
Current corporate information and news releases from Minerals (https://www.resource-capital.ch/en/companies/panoro-minerals-ltd.html) and First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp.html).
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