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