Two-thirds of vehicles will be powered by electric batteries by 2035! This trend is truly unstoppable. According to the UN, 2007 marked the year where the majority of Earth’s population lived in urban areas, rather than rural ones. Over the next decade, the world is expected to add a billion people.
Few realize just how small the electric vehicle market is today. The potential for its growth cannot be understated. There’s trillions in global government subsidies and real demand from millennial consumers.
Demand for cobalt in electric vehicle batteries is expected to grow by over 400% by 2020 and 1,100% by 2025!
South Korea’s largest oil refiner inked a deal last week to buy their cobalt and nickel supply directly from Australian Mines Ltd. This is literally a race to sign multi-year deals for direct commodity contracts.
The global boom for smartphones and electric vehicles has pushed the price of cobalt to $37 per pound! Taxes on cobalt is set to rise!
From cobalt to gold, these finite resources are positioned for what is probably the best up cycle we will ever see in the sector for a generation or two!
Rick Rule is excited about metals and junior miners; and he’s not always this excited.…
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