Canadian Energy Materials CEO: We Won’t See a Lithium-Ion Battery Without Cobalt Anytime Soon | Summary and Q&A

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March 13, 2019
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Investing News
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Canadian Energy Materials CEO: We Won’t See a Lithium-Ion Battery Without Cobalt Anytime Soon

TL;DR

Selecting the right junior mining project involves considering commodity trends and the quality of the project. Cobalt plays a crucial role in batteries due to its stability and fire-preventing properties.

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Questions & Answers

Q: How do mining companies select projects in the junior mining sector?

Mining companies consider commodity trends, focusing on popular commodities like gold or lithium. Additionally, project quality plays a significant role in the selection process. Companies may acquire projects during market downturns to be ready for future cycle changes.

Q: Are cobalt projects more valuable due to the popularity of electric vehicles?

Yes, cobalt plays a crucial role in battery production, particularly for electric vehicles. The demand for cobalt is expected to remain steady, even as battery technologies evolve. Attempts to engineer cobalt out of batteries have been unsuccessful, as cobalt provides stability and prevents fires.

Q: Are there any alternatives to cobalt in battery production?

Currently, there are no viable alternatives to cobalt in metallurgy. Companies have been trying to reduce or eliminate cobalt usage due to its cost and availability. However, cobalt's stabilizing properties and ability to prevent fires in batteries make it indispensable for battery manufacturers.

Q: Why are there no pure cobalt plays in mining?

Cobalt is usually found in conjunction with other minerals, such as copper or nickel. To extract cobalt, it is often necessary to mine these minerals and process them in copper or nickel smelters. The high-grade cobalt deposits needed to support a cobalt-only mine are rare.

Summary & Key Takeaways

  • Research and analyze commodity trends before selecting a mining project, considering both the current hot commodities and the long-term potential of a project.

  • Junior mining companies often maintain an inventory of projects, including those that may not be popular at the moment, to be ready for future market cycles.

  • Cobalt is essential for battery production, and its demand is unlikely to diminish due to the increasing adoption of electric vehicles.

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