Glencore Signs Massive Cobalt Deal Which Will Help Volkswagen Secure Lithium-Ion Batteries For Electric Vehicles
Glencore (LON:$GLEN), an Anglo-Swiss mining giant, has just signed a massive cobalt deal with Chinese producer Contemporary Amperex Technology. Essentially, this deal will help Volkswagen (FWB:$VOW) lockdown lithium-ion batteries for its electric vehicles.
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The Automobile Sector Demands for More Cobalt
Cobalt, a transition metal located between iron and nickel on the periodic table, is mainly removed as a byproduct of nickel and copper mining. The metal helps to power mobile phones, laptops, electric vehicles (EVs) …
Cobalt 27 Capital Debuts Shares On Canada’s Venture Exchange
Recently established mining company Cobalt 27 Capital Corp’s (TSX-V:$KBLT.V) stocks debuted on Canada’s Venture Exchange on Friday, June 23. In a public offering totalling $200 million, Cobalt 27’s presence on the exchanges gives investors a …
Tesla CTO Announces the Model 3 Vehicle Will Use the World’s Entire Lithium Ion Battery Supply
JB Straubel, Tesla Inc.’s (NASDAQ:$TSLA), chief technical officer and co-founder, spoke at the Midwest Renewable Energy Association’s Annual Energy Fair over the weekend in Wisconsin. While there, he informed the audience of Tesla’s progress in …
LiCo Energy Metals Could Be the Answer for Metal Investors Who Want High Rewards
The troubles that companies with large electric vehicle production plans face are advantageous for growth and revenue for junior cobalt/lithium mining companies like LiCo Energy Metals (TSX:$LIC.V; OTCQB:$WCTXF). LiCo is currently set to become highly …
Could the Expected Cobalt Supply Shortages Affect Tesla’s Future?
Currently, the battery industry accounts for 42% of the demand for the global supply of cobalt. This is because cobalt has become essential in the production of lithium-ion cells. The remaining 58% of cobalt demand …
Tesla Commences Production of New Model 3 Battery Cells at Gigafactory 1 in Nevada
On the weekend, Tesla Inc. (NASDAQ:$TSLA) disclosed that the California-based company commenced production of the new Model 3 battery cell at their Gigafactory 1 in Nevada. Not only is this good news for anyone interested …
Can Demand for Rechargeable Batteries Give the Mining Sector Back its Title As Superpower?
Global demand for various metals have been falling for the past couple years, thanks to China’s slowing financial growth and oversupply of minerals from mining operations as a result. However, signs of the metal industry …
What will Determine the Future of Lithium and Cobalt? Demand is the Key
According to the International Energy Agency (IEA), the number of electric vehicles on the roads throughout the world rose to 2 million in 2016. This means that there was a doubling from the 2015 poll …
Greatland Gold Applies for License to Begin Cobalt Exploration in Australia
UK-based metal exploration and mining company Greatland Gold (LON:$GGP) has recently applied for two licenses that will allow the company to explore around 130 square kilometers of area in the northern Western Australia’s Pilbara Region. …