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Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Cobalt to experience surge in demand and supply deficit

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Post by Sogosohubidu201 on Jul 11, 2019 4:54pm

Cobalt to experience surge in demand and supply deficit

https://www.resource-capital.ch/fileadmin/reports/2019/01/en_BMR_2019-1_Update.pdf

Conclusion: Cobalt will experience an immense surge in demand and a supply deficit in the coming years! The demand for cobalt should explode in the coming years! While this was still around 60,000 tonnes in 2008, by 2017 the demand had already reached 125,000 tonnes per year. Experts expect demand for cobalt to rise to over 300,000 tonnes per year by 2025. The main driving factor will be demand from the battery and rechargeable battery sector. Due to the current situation that demand is rising sharply, but at the same time only a few existing mines have any possibility at all to increase their production, there are signs of a significant supply deficit for cobalt in the coming years.

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