- AustraliaNorth AmericaWorld
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Caspar Rawles: Why Nothing Can Stop the Cobalt Story
Oct. 18, 2017 04:35PM PSTBattery Metals
Benchmark Mineral Intelligence analyst Caspar Rawles shares his thoughts on the cobalt market in this interview from Cathodes 2017.
At this year’s Cathodes conference, the Investing News Network caught up with Caspar Rawles, analyst at Benchmark Mineral Intelligence, to talk about the cobalt market and what’s ahead for the rest of 2017.
The rally in the cobalt market seems to be unstoppable at this point, as the metal is a key element in the lithium-ion batteries used to power electric vehicles. As electric car sales surge in the coming years, demand for cobalt is also expected to increase significantly.
“I don’t think there are any factors that could derail the cobalt story at this point,” said Rawles. He also explained why he still believes the Democratic Republic of Congo is critical for supply and touched on the need for other countries to bring production into the market.
Speaking about lithium-ion batteries, Rawles said he doesn’t expect any big shift in technology up to mid-2020 that could replace cobalt, although a change in the proportion used in batteries is still in the cards.
That said, he noted that even if less cobalt is used in batteries, “the increase in the volume of sales is going to significantly outweigh that, so the market will still grow.”
Watch the video above to hear more about Rawles’ thoughts on the cobalt sector and what to expect in the near future. The transcript for this interview will be added shortly.
Don’t forget to follow us@INN_Resource for real-time news updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
analystbenchmark mineral intelligencecobalt marketlithium ion batterieslithium-ionusCobalt Investing