Mining in countries that are more politically stable is becoming an attractive policy, and investors may start to look outside of the DRC for its cobalt resources as cobalt demand for batteries amps up. Here we profile five cobalt producers outside of the DRC.
Low iron ore prices and the recent Ebola outbreak are causing big problems for West African companies focused on the metal. Is there any way for investors to escape unscathed?
Gobal Cobalt Corp. (TSXV:GCO,OTCBB:GLBCF) has commenced a technical review of its wholly owned Werner Lake cobalt project located in northwestern Ontario. Global Cobalt is undertaking the review due to domestic demand and recent cobalt price increases.
Bloomberg reported that cobalt producers are urging the DRC government to lift a ban on cobalt exports. According the cobalt producers, there is not the proper infrastructure in place, including electricity to support this initiative
PUGET VENTURES INC. (TSX VENTURE:PVS) reported drilling results from its Werner West Zone that the company says solidify the property as an important North American primary cobalt prospect.