TSXV:FCO.H - Post by User
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Atomekon Mar 19, 2018 9:32am
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Ecobalt Solutions Inc ECS:TSX - News Alert
Ecobalt Solutions Inc ECS:TSX - News Alert Market Chatter: Battery Makers Descend on Australia, Canada Cobalt Developers, Including Canada's Ecobalt and Fortune Minerals 09:23 AM EDT, 03/19/2018 (MT Newswires) -- "Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up," according to a Reuters report.
Reuters cites sources as saying at least half a dozen Australian and Canadian mine developers are currently in talks on potential supply deals with battery and automakers for production at some point beyond late 2019-2021.
It said these include Australia's Aeon Metals, Northern Cobalt and Cobalt Blue, and Canada's Ecobalt (ECS.TO) and Fortune Minerals (FT.TO).