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Bullboard - Stock Discussion Forum Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Metals & Mining Industrial Metals & Minerals
Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.

TSXV:ELBM - Post Discussion

Electra Battery Materials Corp. > Tesla is phasing out cobolt
View:
Post by GoodRoots on Jan 13, 2021 1:51am

Tesla is phasing out cobolt

I've read several articles that Tesla is phasing out cobalt, just google "tesla cobalt free battery".  What is everyone's thoughts on the future prospects of First Cobalt given this?  Thanks.
Comment by Goatburner on Jan 13, 2021 2:03am
Yes Elon musk apparently said that. Batteries without Cobalt. A little while back Tesla had a battery day - in which he made that statement. Trent responded to that statement with a whoa! Not so fast! Then went on to explain why. You can find that conversation on fcc's website. Trent articulated the thing better than I ever could. Best wishes and don't worry - Cobalt free batteries are ...more  
Comment by Miner81 on Jan 13, 2021 10:37am
It will be a very long time before they phase out Cobalt in EV Batteries, if ever. Cobalt is used in Super Alloys , for the Aerospace Industry, so there always be a huge demand.
Comment by red on Jan 13, 2021 11:07am
Completely agree as batteries grow now and may change over a long time other industries that use cobalt will fluorish as well and cobalt is here to stay. 
Electra Battery Materials Corp.
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