Why Cobalt?

Cobalt is a global demand-driven commodity, with an anticipated compound average growth rate (“CAGR”) of at least 30%. This is driven by the rapid growth in new battery technologies in electric vehicles and energy storage.

Based on demand from these markets, cobalt consumption is expected to grow from 53,043t in 2015 to 120,660t by 2025 – an increase of 128%.

Currently, approximately 50% of the global supply of cobalt comes from the Democratic Republic of Congo, and there is an increasing demand from end users for alternative sources of reliable supply.