Whenever a publicly traded company sees a heightened level of volume and price action in its common stock – whether it’s up or down – said company often puts out a news release, one which addresses the unusual trading action. Sometimes, the regulatory authorities compel the company to comment on such activity.
Cobalt has been one of the more impressive commodities in the auction arena in terms of price chart theatrics and supply/demand fundamentals. And the fundamentals are most compelling.
On May 15, 2018 First Cobalt (FCC.V) announced it has “expanded its review” of muckpiles to include “3rd party material from the Canadian Cobalt Camp”.
The world is going mobile (and electric). For this reason, there is a ravenous appetite for battery ingredients like lithium, nickel, graphite, manganese – and cobalt.
We’ve been saying it for a while now, but First Cobalt (FCC.V) is a straight up mega beast, and today’s news, that they’ll be taking out US Cobalt (USCO.V) is further evidence of that.
EDITOR’S NOTE: We believe, this year, resources will make a pretty hard move, just as cannabis and blockchain did in 2017, and because many of our investor readers are new to the mining space, we decided to bring aboard a writer who can dig deep into the details and explain what matters and why.
Two years ago, the mood at the Vancouver Resource Investor Conference, put on annually by Cambridge House, was pretty dour. In fact, I recall discussing with a rare earths CEO at the time how it might have been smart business to set up a booth selling nooses, such was the misery of the mining market at the time.
According to CRU – a global metals and mining research house, the famed cobalt deficit is over as Glencore’s (GLEN.L) refurbished Katanga copper mine in the Democratic Republic of Congo (DRC) is coming back on line with a new “super-charged cobalt extraction circuit”.
Imagine you are a diabetic and every day you are forced to walk through a crime invested neighborhood to get the insulin you need to survive.