Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Cobalt Perfectly Positioned as Global Cobalt Demand Surges

NetworkNewsWire Editorial Coverage


News provided by

NetworkNewsWire

17 Nov, 2017, 13:30 GMT

Share this article

Share toX

Share this article

Share toX

NEW YORK, November 17, 2017 /PRNewswire/ --

Cobalt, a metal somewhat overlooked by investors, is a critical component of lithium-ion batteries used in mobile devices and essential for the operation of electric vehicles (EVs). The spot price of cobalt has experienced an increase of 150 percent since the start of 2016, largely as a result of the exponential growth in the adoption of mobile technology in emerging economies. However, the real surge in global demand for cobalt will come from the automotive industry as more countries turn away from fossil fuel-driven cars to electric vehicles. To make the most of this surge in demand, Quantum Cobalt Corp. (CSE: QBOT) (FRA: 23B) (QBOT Profile) is focusing efforts on developing its Canadian cobalt resources centered near Cobalt, Ontario.

Quick Bullets:

• China, Britain and France phasing out cars driven by fossil fuels in favor of alternatives

• Electric vehicles predicted to be as affordable as cars running on gasoline by 2022

• Cobalt demand projected to surge from current 2,000 tons to 300,000 tons by 2030

• Cobalt price forecast to rise from $60,000 per ton to $100,000 per ton by 2030

The greatest demand for the metal is likely to come from China, currently the world's top  consumer of cobalt and its  largest automotive industry. China recently announced a requirement that 20 percent of all cars sold by 2025 must operate on alternatives to fossil fuels. Britain and France have followed suit, declaring a ban on the sale of cars operating on fossil fuels by 2040 (http://nnw.fm/3uWhW). Tesla (NASDAQ: TSLA) is the leading manufacturer of EVs, making a significant contribution to the 2  million electrical vehicles on roads today. Other car manufacturers are scrambling to catch up. General Motors (NYSE: GM) has announced plans to launch a range of 20  EVs by 2023, while Volvo (OTC: VLVLY) is converting its technology to electric power by 2019. Volkswagen AG ADR (OTC: VLKAY) plans on investing $84 billion in car and battery production for the manufacture of 300 EV models by 2030. However, China will remain the world's largest consumer and producer of EVs for the foreseeable future. Consumers there bought 507,000 EVs in 2016, an increase of 53 percent over the previous year. That's double the sales in Europe and triple those sold in the U.S. From the current adoption rate of 1  percent of its automotive market, China is expected to see a 12 -fold increase in the number of EVs on its roads in five years' time.

Batteries account for 33 percent of the cost of manufacturing an electric vehicle. Bloomberg reports that the price of lithium-ion batteries fell by 35 percent in 2015 and is on a downward trajectory, which is predicted to make EVs as affordable as cars driven by fossil fuels by 2022 (http://nnw.fm/vzP0b). Bloomberg  also predicts that by 2040, electric vehicles will account for 35 percent of all new vehicle sales.

The major problem is that all these projects demand more cobalt than the world can currently supply. Over 95 percent of the world's cobalt is mined as a by-product of nickel and copper. As  prices of these two metals dropped in recent years, many mining companies cut production, contributing to a rising global cobalt deficit. MacQuarie Bank predicts a cobalt deficit of 885 tons in 2018, over 3,200 tons in 2019 and more than 5,300 tons in 2020. Quantum Cobalt Corp. (CSE: QBOT) (FRA: 23B) is positioning itself to take advantage of this market shortage by focusing  efforts on the development of its reserves in Canada. Currently, over 50 percent of the world's cobalt is mined in the Democratic Republic of Congo (DRC). The DRC presents mining companies with several ethical issues to contend with, including forced and child labor. The country is also affected by armed conflict and political instability, increasing the risk of investment. Consequently, several mining companies have divested their interests in the DRC and are turning to North America to develop alternative, safer and more ethical mining operations.

Quantum Cobalt has concentrated its efforts in the Cobalt Belt, centered near Cobalt, Ontario. Its Nipissing Lorrain Cobalt Project has produced 16,500 pounds of cobalt and 5,500 pounds of silver in the past, and historic samples show cobalt mineralization of one to 10  inches in this mine. Past assays have shown an unusually high grade of 22 percent cobalt in this play, which is exceptional when as little as 0.5 percent is deemed economically viable. The Rabbit Cobalt Project, located 55 kilometers north of Cobalt, has a rich history of both cobalt and gold production, and returned an historic assay of 8.76 percent cobalt. Quantum Cobalt is intent on conducting mapping, prospecting and sampling focused on the mineral showing on the Rabbit Lake Occurrence. Roughly 37 kilometers south of Cobalt is the company's Kahuna Cobalt Project, which comprises 77 claims over an area of 1,200 hectares and shows historic cobalt mineralization.

The company is geared up to proceed with imminent exploration and development of these properties. On October 25, 2017, the company announced that it had deployed field crews to conduct first pass exploration on both Kahuna and Rabbit Lake properties. This preliminary work entails prospecting, geologic mapping, geochemical surveying and sampling to locate and delineate mineralized structures.

Quantum Cobalt is led by an executive team of industry veterans and innovators. Its CEO, Greg Burns, has more than 22 years of experience in mineral exploration, holding several executive and operational management positions with mining and exploration companies in both Canada and Australia, including Goldstream Mining and Platinum Australia. He was previously managing director  of Xenolith, subsequently Coalspur Mining Ltd and taken over by the Cline Group in 2015. Burns  also headed up the mergers and acquisitions division of Capital Investment Partners, an investment bank in Western Australia.  Director Jerry Huang has held several executive positions with prominent mining companies, including TNR Gold and International Lithium, which received IPO funding from the largest battery company in China. Huang  has extensive knowledge and experience in drilling and exploration. Quinn Field-Dyte, director, has over 10 years of experience in the financial industry and currently serves on the boards of several companies in the mining and minerals industry that are listed on the TSX Venture Exchange.

Cobalt is in short supply and is a critical element used as the cathode in lithium-ion batteries, making up 35 percent of the component mix.  Current pricing of the metal is expected to soar with  Bloomberg forecasting an  increase to almost $100,000 per ton by 2030.  A massive surge in demand for cobalt is part of that forecast, predicting global growth from the 2,000 tons used now  to a startling 300,000 tons in 2030. This represents phenomenal growth in a market where Quantum Cobalt is ideally placed to meet future demand, increase revenues and develop outstanding shareholder value.

Other BIG players to keep your eye on: 

Tesla, Inc. (NASDAQ: TSLA) traded over 5,757,708 shares and closed at $312.50 yesterday. Tesla released its financial results for the third quarter of 2017 by posting the current Update Letter on its website. Please visit http://ir.tesla.com to view the letter.

General Motors Company (NYSE: GM) traded over 11,234,942 shares and closed at $43.60 yesterday.  GM has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, and Wuling brands.

Volvo AB ADR (OTC: VLVLY) traded over 14,987shares and closed at $19.27 yesterday.  The Volvo Group has been conducting research into autonomous transport solutions for several years. The company has demonstrated concept vehicles for applications in confined areas like mines and quarries. Now Volvo Group takes the next step towards the future with an autonomous concept truck for hub-to-hub transportations in semi-confined areas like harbours and dedicated lanes on highways.

Volkswagen AG ADR (OTC: VLKAY) traded over 117,742s hares and closed at $ 37.78 yesterday.  Volkswagen, together with its subsidiaries, manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates through four segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services.

For more information about the Quantum Cobalt please visit: Quantum Cobalt (CSE: QBOT)

Other Quantum Cobalt Articles:

Quantum Cobalt Corp. (CSE: QBOT) (FRA: 23B) is "One to Watch"

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with NNW or any company mentioned herein. The commentary, views and opinions expressed in this release by NNW are solely those of NNW and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW and FNM for any investment decisions by their readers or subscribers. NNW and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment.

NNW & FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and NNW and FNM undertake no obligation to update such statements.

NetworkNewsWire (NNW) is affiliated with the Investor Based Brand Network (IBBN).

About IBBN

Over the past 10+ years we have consistently introduced new network brands, each specifically designed to fulfil the unique needs of our growing client base and services. Today, we continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Please feel free to visit the Investor Based Brand Network (IBBN) http://www.InvestorBasedBrandNetwork.com

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
http://www.NetworkNewsWire.com  
+1-212-418-1217 Office
Editor@NetworkNewsWire.com      

Media Contact:
FN Media Group, LLC
NNW@FinancialNewsMedia.com  
+1-(954)345-0611

Modal title

Also from this source

AI-Powered Service Robots Redefine Hospitality as Industry Innovators Lead the Charge

AI-Powered Service Robots Redefine Hospitality as Industry Innovators Lead the Charge

Facing ongoing labor shortages and rising consumer demands, the hospitality and food service sectors are increasingly turning to artificial...

Unlocking the Future of Hospitality with AI-Powered Robotics, Invaluable Industry Expertise

Unlocking the Future of Hospitality with AI-Powered Robotics, Invaluable Industry Expertise

As labor shortages persist and consumer expectations rise, service robots powered by artificial intelligence (AI) are transforming the hospitality...

More Releases From This Source

Explore

Mining & Metals

Mining & Metals

Mining & Metals

Mining & Metals

Mining

Mining

Mining

Mining

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.