Electra Battery Materials Corp V.ELBM

Cobalt ‘Bubble’ Will Burst / Bloomberg

[ustocks]

https://www.bloomberg.com/news/articles/2021-06-14/cobalt-bubble-will-burst-ivanhoe-executive-in-congo-says?srnd=premium-europe

[Jordsword]

This article is based on one persons bias who is "not a fan of cobalt" and doesn't provide any facts or information on why cobalt is a bubble that will burst. It only mentions that other technologies will surely come along to replace cobalt in batteries but also doesn't cite any such technologies or any details. Basically zero substance 

[DoekeGouda]

Jordsword: I totally agree. You've to read it carefully and you know enough....

[dothemathpeople]

Louis Watum of the Federation des Entreprises du Congo told a virtual conference on Monday; “I’m not a fan of cobalt,” said Watum, who is also an executive at Ivanhoe Mines Ltd. and previously ran their Congo operations. “Cobalt is a bubble that is going to burst.” So you know better than an executive at Ivanhoe, one of the largest miners in DRC?!  He is also a member of the FEC, so he

[DoekeGouda]

Dothemathpeople: read this forum more often, most of the articles told otherwise and perhaps reconsider

[dothemathpeople]

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[Jordsword]

My point was that there isn't enough information in that article to justify changing my position on FCC. 

[daver63]

Seems to me an executive of a copper mine doesn't want you to invest in cobalt.

[Budcomags4]

That makes sense.. less people and organizations invested in the space, leads to less cobalt...  hence - more expensive the product.. Yes, don't invest here lol...

[dothemathpeople]

This post has been removed in accordance with Community Policy