TSXV:FCO.H - Post by User
Post by
BarnFindon Jul 20, 2018 1:11pm
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Post# 28345348
Prohibited Cobalt
Prohibited CobaltALL US companies that make use of lithium batteries are currently using some form of prohibited Cobalt. They have no choice. That could change if Apple, Tesla and many others act now to either directly invest in NA Cobalt mining companies or indirectly via off-take agreements. Claiming they will eliminate Cobalt is just a smoke.
But even if they do, it will take 3-5 years for there to be enough production to meet their growing demands. In the mean time, most of the demand will be met by China and will come from Africa and include child labor.
This needs to change, but NA Cobalt mining companies are few and far between. NA companies eCobalt and First Cobalt Company are in a great position, but they need more capital to move quickly into production.