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David Weight: "Responsible Sourcing of Cobalt Will Be a Key Challenge"
Oct. 19, 2017 11:40AM PSTBattery Metals
David Weight, president of the Cobalt Institute, shares his thoughts on the cobalt market in this interview from Cathodes 2017.
Speaking with the Investing News Network at Cathodes 2017, David Weight, president of the Cobalt Institute, shared his thoughts on the cobalt market and the challenges it could face as demand increases.
“The general difficulty for the cobalt market is that cobalt is a by-product of copper and nickel, so it relies heavily on what is happening in those markets,” Weight said.
As demand for lithium-ion batteries continues to increase, supplying enough cobalt for buyers will be a challenge, “but production should be responsibly sourced,” he noted. The cobalt market could also face challenges in terms of regulations, as is currently the case in Europe.
Watch the video above to hear more about Weight’s thoughts on the cobalt sector and what role the Cobalt Institute plays in the market. The transcript for this interview will be added shortly.
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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.