EDITOR: | May 4th, 2017 | 1 Comment

Clausi on the Cobalt Bull Market

| May 04, 2017 | 1 Comment
image_pdfimage_print

“60% of the world’s cobalt comes from the Congo, which has been suffering through a horrific war since the late 1990s. It’s called Africa’s War and over 6 million people have died there with the resulting geopolitical corruption and disruption of supply chain. As a result we have seen cobalt production fall out of the Congo…we must source this critical metal for the benefit of our modern world as cobalt is used in electric vehicles, nuclear reactors and even the smartphones we use every day.” — Peter Clausi, CBLT Inc.

Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT), in an interview with InvestorIntel’s CEO Tracy Weslosky discuss cobalt in the world. Cobalt has found its way into the hi-tech sectors of cell phone and electric vehicle batteries. Unfortunately, it isn’t easy to find. Cobalt is a trace by-product of copper and nickel production and is rarely, if ever, found on its own. The blue metal is currently sitting at $25 per pound as one of the top moving metals on the London Metal Exchange (LME). Peter will be discussing the world of cobalt in more detail at InvestorIntel’s 6th annual CleanTech and Technology Metals Summit on Monday, May 15th and Tuesday, May 16th (CTMS2017.com)…to access the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.


Kelly Bird

Editor:

Kelly Bird joined the InvestorIntel Corp. team as the Relationship Manager in 2016, and was quickly promoted to Creative Director. An interviewer, producer and video ... <Read more about Kelly Bird>


Copyright © 2017 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Comments

  • Profiting from the Inevitable Price Increases of Rare Earths in 2018

    […] element in the cathode of a lithium ion battery. For a primer on why cobalt spiked, please look here and here. In summary, Economics101 predicted the increased value in cobalt. It was clear that demand […]

    September 21, 2017 - 11:03 AM

Leave a Reply

Your email address will not be published. Required fields are marked *