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Cobalt spot price news - Cobalt prices up again in January. "BMO Capital Markets expects current cobalt prices to double in the next two years." (54-1)
Lithium and cobalt boom II has already arrived, resulting in many EV metal miners stock prices surging, some over 100% in under 3 months. (26-1)
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Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
On May 15 2017 I wrote "Lithium Boom II And Cobalt Boom II Are Coming Soon". In that article I said "I expect lithium and cobalt boom II to start in 2018 as electric vehicles (EVs) begin to take off in ever increasing numbers helped along by Tesla (TSLA) Model 3." (52-1)
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cobalt is forecast to remain in deficit to at least 2020 - meaning the cobalt boom is not going away anytime soon.
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.
Note: This article was first published on my SA Marketplace service on March 24, 2017, so the stock prices and data are as of that date.
According to a research by Markets and Markets, the lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% over the forecast period. The growth of this market largely attributed to the demand for rechargeable batteries, which are now widely used as a power source for electric vehicles. The report indicates that the implementation of lithium ion batteries in the automotive sector for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) helps to improve the efficiency and reduce the maintenance cost of the vehicle.
Welcome to the March 2017 cobalt miner news. The focus will be on the cobalt miners that are in, or reasonably near, production, as well as featuring a few promising juniors each month. For a background on the cobalt miners, investors can read my earlier articles:
Cobalt miner news - Glencore CEO said "in 2018, our overall cobalt production goes into the 50,000 tonnes to 60,000 tonnes range.".