Raw materials in the fight against environmental pollution
In Norway, around 60 percent of new car registrations score points with an electric drive. Also, according to a decision of the Norwegian Parliament, compensation for climate emissions is to be paid. In Sweden, too, about every second new vehicle is an electric car. New vehicles with combustion engines may no longer be sold there from 2030.
The electric vehicles need batteries. It is estimated that the market for the most common batteries will grow from $21 billion in 2019 to nearly $120 billion in 2030. These are enormous dimensions. The accumulators of the required lithium-ion batteries need raw materials such as cobalt. A strong increase in demand is generally expected.
Meeting this demand is the goal of First Cobalt. The company has three battery grade cobalt development sites (Idaho, USA and Ontario, Canada) and a primary cobalt refinery in North America. The partnership with Glencore underlines the quality.
Environmental awareness is also an issue in the extraction of raw materials. This is why the mining industry has a CO2 footprint issue. Interestingly, it is probably lowest in gold mining. Because almost every ounce ever mined is still there and in circulation. Environmental regulations in mining are strictly regulated and companies such as the gold producer Caledonia Mining in Zimbabwe pay great attention to the compatibility of the work with the land and the population. Caledonia Mining successfully produces gold with the participation of local investors.
Current company information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp/) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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