Focus on battery metals such as cobalt, nickel and zinc
(PresseBox) - Electromobility and the electrification of the world require certain raw materials.
Cobalt is an important raw material. First things first: cobalt is not only a component of the electromobility sector and the electronics industry, but it is also an important metal for the defense sector. There it is used as a component of superalloys for the aerospace industry. Since February 22, the Democratic Republic of Congo, the largest supplier of cobalt, has stopped exporting cobalt for four months. The aim is to counteract the fall in the price of the raw material. While around 238,000 tons of cobalt were produced worldwide in 2023, this figure was significantly higher in 2024, at 290,000 tons, according to the U.S. Geological Survey. The export ban has already driven up the price of cobalt. But whether this will be enough in the long term seems questionable. Perhaps the export ban will be extended or an export quota system will be introduced. In the Congo, cobalt production is often associated with poor working conditions. And even if there is currently a large supply of cobalt, cobalt from other regions such as the Congo is likely to be more popular.
Cobalt and nickel are the raw materials that Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - owns in the large Crawford nickel-cobalt sulphide project. It is located in Ontario, Canada. Nickel is also used for the production of stainless steels and nickel alloys (stainless steel, rechargeable batteries). Zinc and, of course, copper are also important metals for the battery industry.
In Saskatchewan, Canada, Foran Mining - https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ - has two outstanding projects, McIlvenna Bay and Bigstone. These contain copper, zinc, gold and silver. Zinc is an essential material for the construction, automotive and engineering industries.
Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).
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Datum: 12.03.2025 - 06:05 Uhr
Sprache: Deutsch
News-ID 718940
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