Fabled Silver Gold Corp T.FCO

Reality Check: The Ugly Truth Regarding Cobalt Supplies

[JulianAssange]

Cobalt demand is currently surging with the rise of lithium-ion batteries as cobalt offers the highest energy density of the various lithium-ion battery formulas.

Only 6% of global cobalt supplies come from primary cobalt mines that may be able to increase production in response to growing demand from the battery industry.

The remaining 94% of global cobalt supplies coming from nickel and copper miners that produce cobalt as a minor by-product.

With nickel and copper prices at multi-year lows due to decreased demand from China, increased demand for minor by-product cannot drive facilities expansion decisions.

This means major cobalt producers cannot scale up production.

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