Global Cobalt Corp GLBCF

Cobalt now $38.34

[DRYOASIS]

Could see price double in 2019 ...

https://www.platts.com/latest-news/metals/newyork/cobalt-prices-seen-rising-sharply-as-deficit-21725171

[rocket500]

Price is cooking now Dry - over $40 - hope we get something out of all this.

[DRYOASIS]

Yeah $40.14 right now, I think nothing will ever happen here as long as Putin is in power, I mean why would an oil mogul push for EV minerals ??? Maybe if the Chinese get screwed over bad enough in the DRC, they might take another look at Karakul and convince Putin to play nice.

[Sourmash331]

The demand for cobalt in the EV sector is something as of late. Don’t forget that cobalt is heavily used in the tooling required to manufacture automotive, aerospace, and military. I highly doubt that Putin would be against making money in any of these sectors, including EV. 

[DRYOASIS]

The oil and gas sector is the biggest money maker for Russia and anything that threatens that sector is just not a priority. Yes I agree that there's some money to be made with the EV sector but there's way way way more money being made with oil and gas in Russia. You can't even compare the two.  Russia needs to diversify their econnomy, that's something Putin has said many

[Sourmash331]

In 2017 Russia produced the second most amount of cobalt in the world (5.7 MT) behind the DRC, and just ahead of Australia. 

[DRYOASIS]

Yes, mostly from Norilsk Nickel but has the Russian Federation issued any mining rights to develop new cobalt assets ?  I don't know of any, maybe you do ? It just seems like so much more could be done in Russia with their vast natural resources and yet all we hear about is oil & gas and war.

[rocket500]

It's on a crazy ride right now - they may be right about it doubling next couple years.

[rocket500]

A little more share movement today - of course, none of us know why