Road of the future
Even if the road in the eastern Chinese city of Jinan is only a good kilometre long, it could still be a trendsetter. The road, integrated with solar modules and sensors, will charge batteries while driving, talk to drivers, supply several hundred households and street lighting with electricity. About 45,000 vehicles use this test track every day. Heating elements ensure freedom from ice and snow in winter.
The roads of the future must also be built in accordance with autonomous vehicles and electric vehicles. However, the costs are still immense; the Chinese road cost around 5.3 million euros. China demands that ten percent of newly registered vehicles from 2019 and twelve percent from 2020 must be electric vehicles. No wonder, then, that a rosy future is predicted for the necessary battery raw materials lithium and cobalt.
Because the automotive industry and the energy infrastructure, think of solar power and wind energy, need energy storage systems. After all, the electricity generated by the sun and wind should be reliably available and can be stored. The growth in the electromobility market and in renewable energies should also benefit raw material companies with cobalt or lithium.
This is where companies like M2 Cobalt or First Cobalt come into play. First Cobalt - http://www.commodity-tv.net/c/search_adv/?v=298892 - owns the Iron Creek cobalt property in Idaho and the only cobalt refinery in North America to be in excellent condition. The approved refinery will allow the production of 5,000 tonnes of cobalt per year in a short period of time.
M2 Cobalt - http://www.commodity-tv.net/c/search_adv/?v=298911 - is looking for the sought-after cobalt on its 2,400 square kilometre land package in Uganda, East Africa. New exploration licenses were acquired in Bujagali and the Kilembe area in October 2018 and exploration work started. Uganda is a stable country, the economy is growing and the historic mining industry is supposed to get back on its feet.
Current company information and press releases from First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp/).
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