RE:Cobalt, Lithium and GoldI guess it was only a matter of time --
Backed by the US Department of Energy,
researchers at Northwestern University's McCormick School of Engineering led by professor of materials science and engineering Christopher Wolverton, have developed a lithium battery which
replaces cobalt with iron (iron ore was priced at $76 a tonne on Thursday).
https://www.mining.com/cobalt-price-bulls-worst-fears-may-just-confirmed/
this is also very cool:
“Four lithium ions for each metal — that would change everything,” Wolverton said. “
That means that your phone could last eight times longer or your car could drive eight times farther. If battery-powered cars can compete with or exceed gasoline-powered cars in terms of range and cost, that will change the world.”
However, I don't think it will happen soon, so for now we mine cobalt.........
In December luxury vehicle maker BMW said its needs for car-battery raw materials such as cobalt and lithium will grow 10-fold by 2025 and that it had been surprised at
just how quickly demand is accelerating. Automakers including world number two Volkswagen have been scrambling to secure long term supply contracts, with
little success.
stockzorg wrote: Increases in cobalt and Lithium prices have led to good price action for stocks that are pure plays in North America. For me, E-Cobalt has gone from .65 to 1.58USD since I bought last April, Fortune has gone from .15 to .26 since end of May, Cobalt Power Group from .16 to .25 since their acquisition was completed last month. Nemaska on the Lithium side has gone from $1.01 to $1.85 since April.
Gold has now moved about $75/oz just in the past month. My feeling is that the pure play exploration juniors in North America will catch up at some point. I'm sort of happy that they have stayed down long enough for me to get some guts and increase my positions.