Resource Investor reports that cobalt is expected to remain in ample supply even as demand increases.
The article states:
Cobalt demand…is expected to grow significantly. Traditionally the largest end-use has been in superalloys, but batteries have recently displaced them and now account for more than 27% of cobalt end use applications compared with 19% for superalloys.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|