Cobalt mining

Global EV Demand Drives Scramble for Fresh Supplies of Vital Metals

Retrieved on: 
Wednesday, January 9, 2019

With global electric vehicle (EV) demand growth creating the potential for tight supplies in battery metals such as cobalt, multinational companies and industrialized nations are working to secure these critical metals as prices are projected to rise.

Key Points: 
  • With global electric vehicle (EV) demand growth creating the potential for tight supplies in battery metals such as cobalt, multinational companies and industrialized nations are working to secure these critical metals as prices are projected to rise.
  • The growing market for electric vehicles has led to much higher demand for battery metals such as cobalt, lithium and nickel.
  • Numerous global corporations are competing for access to limited supplies of battery metals.
  • In addition to creating new demand for battery metals, EVs are also challenging nations to compete in order to expand battery-producing capacity.

Cobalt Iron and Datatrend Partner to Deliver Smart, Secure, Automated Data Protection Everywhere

Retrieved on: 
Thursday, December 13, 2018

"In teaming up with Datatrend, we're making it easier than ever for enterprises to access smart, secure, automated data protection without boundaries," said Mark Ward, chief operating officer at Cobalt Iron.

Key Points: 
  • "In teaming up with Datatrend, we're making it easier than ever for enterprises to access smart, secure, automated data protection without boundaries," said Mark Ward, chief operating officer at Cobalt Iron.
  • Cobalt Iron ADP modernizes backup, delivering features and scale of enterprise data protection along with the flexibility and economics of cloud consumption.
  • Cobalt Iron is the global leader in SaaS-based enterprise data protection.
  • Processing more than 7 million jobs a month for customers in 44 countries, Cobalt Iron delivers modern enterprise data protection for enterprise customers.

The Cobalt Market is Projected to Expand Globally

Retrieved on: 
Thursday, November 1, 2018

Based on application, the cobalt market is segmented into batteries and electronics, super alloys, pigments and hard materials.

Key Points: 
  • Based on application, the cobalt market is segmented into batteries and electronics, super alloys, pigments and hard materials.
  • In 2017, the batteries and electronics segment held the largest market share, accounting for nearly 48% of the market.
  • Recyclability of the metal is one of the key features for the cobalt market as the demand for cobalt is increasing rapidly.
  • This would increase electric vehicle battery production, which, in turn, would push the demand for cobalt, thereby driving the global cobalt market."

Increasing Reliance on Lithium-ion Batteries for EVs is set to Grow the Cobalt Market

Retrieved on: 
Thursday, October 25, 2018

Cobalt is widely used in nickel-metal hydride batteries and lithium-ion batteries.

Key Points: 
  • Cobalt is widely used in nickel-metal hydride batteries and lithium-ion batteries.
  • Cobalt helps make these rechargeable batteries more efficient and stable by tackling problems such as reduced life cycle, corrosion, and battery explosions.
  • Increasing demand for lithium-ion batteries used in cell phones, laptops and electric cars, as well as growing demand for cobalt alloys in airplane engines, are some of the key factors that drive the growth of cobalt market.
  • Declan Cobalt Inc. (OTC: DCNNF) is also listed on the Canadian Securities Exchange under the ticker (CSE: LAN).

Cobalt's Importance Underscored by Critical Minerals Listing, Rising EV Sales

Retrieved on: 
Wednesday, October 17, 2018

The demand and critical importance of cobalt is only expected to increase as the Li-ion battery quickly moves toward ubiquity in civilian computerized applications as well.

Key Points: 
  • The demand and critical importance of cobalt is only expected to increase as the Li-ion battery quickly moves toward ubiquity in civilian computerized applications as well.
  • Though the wars have subsided, cobalt-rich DRC still reportedly has serious political and ethical problems compromising its place in the minerals market.
  • The world's largest producer of cobalt, the Republic allegedly uses child labor to procure the mineral in the country's artisanal mines.
  • EV automakers, battery producers and big tech companies are struggling to keep cobalt sources flowing yet free from abusive child labor.