Q: Pat: With the increased demand for electric vehicles and the need for lithium batteries, will the price of cobalt spike? Also, what do you think about the upcoming Cobalt 27 IPO? Thank you.

A: The battery industry currently uses 42% of global cobalt production, a critical metal for lithium-ion electric vehicle batteries. The remaining 58% is used in diverse industrial and military applications (super alloys, catalysts, magnets, pigments, and so on) that rely exclusively on the material.
About 97%… Read More