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Bullboard - Stock Discussion Forum US Cobalt Inc V.USCO

"US Cobalt Inc is a natural resource corporation engaged in the acquisition, exploration and development of exploration and evaluation assets with its primary focus on the development of the Iron Creek cobalt property in Idaho, USA."

TSXV:USCO - Post Discussion

US Cobalt Inc > The DRC
View:
Post by rotten2core on Jan 12, 2018 11:54am

The DRC

https://www.mining.com/electric-cars-market-threatened-by-potential-cobalt-tax-hike-in-congo/

Interesting read.  All the talk has been about child labour in the DRC.  Customers are demanding transparent, ethical supply chains.  Many companies are turning to North American suppliers where there are superior labour practices.  Now throw in an increased DRC cobalt tax, and you have a recipe for a lot less cobalt coming out of the DRC.  When they currently suppy 2/3 of the world cobalt, this will undoubtedly stress an already undersupplied cobalt market.  All reliable models I've seen are forecasting very large shortages.  Bloomberg Intelligence predicts that growth in EV sales will drive up cobalt demand by 9,300% by 2040.  I'm certainly very pleased with the way the market is shaping up; As well as USCO's land package and location.  Now, just show us some damn drill results!!!  GLTA
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