Why Cobalt?

Cobalt is a ferromagnetic metal, bluish-white in color. Its Curie temperature is 1388 K. It is usually found together with nickel, and both are usually part of the iron meteorites. It is an essential chemical element for mammals in small quantities. Co-60, a radioisotope of cobalt, is an important tracer and agent in the treatment of cancer.

Cobalt Market!

Historically, cobalt production has been concentrated mainly in the Democratic Republic of Congo (DRC) with 50% of world production by 2015. Other countries such as China, Russia and Cuba combine 14% of world production, while others producing countries do. Do not achieve a share of more than 6% of individual production.

Cobalt is a metallic chemical element, Co, with an atomic number of 27 and an atomic weight of 58.93. Cobalt resembles iron and nickel, both free and combined. It is distributed with amplitude in the nature and form, approximately, 0.001% of the total igneous rocks of the earth's crust, in comparison with 0.02% of the nickel. It is found in meteorites, stars, in the sea, in fresh waters, soils, plants, animals and manganese nodules found at the bottom of the ocean.
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Cobalt graph!

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World cobalt production has increased from an estimated 39 kt in 2000 to 126 kt in 2015 . This large increase in the production of cobalt is explained due to new applications in batteries that has been granted to this metal, as well as the growing market for electric cars that use lithium batteries for operation.

On the other hand, Glencore is the mining company of greater production of cobalt in the world; which is part mainly made with two copper-cobalt mines in DRC, Mutanda Mining and Katanga Mining, which finally represent a 26 percent share in the cobalt market with a production of 28.3 kt for the year 2016.

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The demand for cobalt can be divided into two main segments, the chemist and metalworker. Cobalt in chemical applications demand focuses primarily on rechargeable batteries, which may be appointed ion batteries lithium for electric cars and batteries for laptops, PCs, smartphones, etc. On the other hand, is the metallurgical application of cobalt, using it for the creation of alloys; which include the Super alloys for use in defense, power generation and aerospace technology; steels and carbon and diamond tools.
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The demand for cobalt can be divided into two main segments, the chemist and metalworker. Cobalt in chemical applications demand focuses primarily on rechargeable batteries, which may be appointed ion batteries lithium for electric cars and batteries for laptops, PCs, smartphones, etc. On the other hand, is the metallurgical application of cobalt, using it for the creation of alloys; which include the Super alloys for use in defense, power generation and aerospace technology; steels and carbon and diamond tools.
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As mentioned previously, the cobalt has had a rebound at the level of prices since the entry of lithium ion batteries and electric cars. What has transformed this commodity into a great business opportunity. Currently the price of cobalt is equivalent to approximately US$ 90,000 ton or US$40 the pound, which is a high price if compared for example with the US$ 3,2 pound of copper. These not only pricing allows to make a large profit, but it does represent a lower risk than the extraction of other commodities and therefore a safe investment. In fact, from the year 2015 cobalt price has been on the rise, passed down from the US$ 30,000 in 2015 toUS$ 90,000 ton currently and projections indicate that this price could keep rising.
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According to the USGS report highlights of the year 2017 on cobalt, the ability of the market to meet the demand of cobalt has increased at one lower rate that this commodity consumption, it is projected that there is a deficit in the coming years. This is driven mainly by the strong growth of the rechargeable batteries and aerospace industries. In addition, it is worth mentioning that China is a country that consumes more cobalt, with about 80% of its consumption being used for the rechargeable battery industry.

Finally, considering the above and noting the cobalt market, cobalt extraction appears as a great business opportunity not only profitable, but that safe in terms of risks and with great odds, not to sat absolute, growth of the industry.
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