Cobalt, a key element in lithium-ion batterie

Demand for cobalt is mainly driven by the EV sector, which had a strong finish in Q4 2020.
Cobalt will remain key in the coming EV boom

Comment:

Great move today. Still long way to go

Canadian Government Makes Joint $10 Million Investment in Cobalt Refinery Adjoining the Teledyne and Glencore Bucke Property

The $10 million investment will help accelerate the commissioning and expansion of the facility. The refinery is a hydrometallurgical cobalt refinery that was permitted in 1996 with a nominal throughput of 12 tonnes per day and operated intermittently until 2015, producing cobalt, nickel, and silver products. In May 2020, the company completed an engineering study that confirmed the refinery's suitability to treat cobalt hydroxide at an expanded throughput of 55 tonnes per day to produce a high-purity, battery grade cobalt sulphate. Today, approximately 80 per cent of global supply comes from China and there is no production in North America.