CHILE LOOKS TO RESTART COBALT PRODUCTION AS PRICES CLIMB

08/28/2017

Chile, the world's top copper-producing nation, is embarking on a fact-finding mission with the intention of restarting cobalt production after more than 50 years. Metals like lithium and copper are becoming a thing of the past as cobalt is a key component in the new breed of rechargeable batteries. The demand for cobalt is set to increase 34% until 2026 as electric cars gain a bigger share of the global car market. The cobalt market is currently dominated by the Democratic Republic of Congo, which has more than half of global production. For the full story see https://www.bloomberg.com/news/articles/2017-08-22/hunt-for-next-electr…;