Emerging Markets Report: Off The Grid

ORLANDO, FL / ACCESSWIRE / May 31, 2018 / The advent of electric vehicles is clear to both investors and citizens alike as brands like electric automobile pioneer Tesla Motors border on ubiquity. Its electric batteries are at the core of their successes and National Geographic recently posted a fairly bold pronouncement that, ”Based on how quickly horses and buggies disappeared in the early 1900s… more than 90 percent of all passenger vehicles in the U.S., Canada, Europe and other rich countries could be electric by 2040.” (Source: https://bit.ly/2lGZM1D)

Forbes is equally bullish on the electric car market in a recent news item, taking a step further down the electric road and focusing on the power behind the essential electric battery power – the metal cobalt. In the article ”Elon Musk Needs More Cobalt- And So Do We,” the author argues that ”…the importance of the metal cobalt in the growing electric vehicle market and beyond will continue. Cobalt is a key ingredient used in the lithium-ion batteries that continue to proliferate across a variety of markets. Cobalt now sells for ~$95,000 per ton, compared to $23,000 two years ago, and surging demand for electric vehicles, jet engines, mobile phones, and laptops could lead to major shortages and even higher prices. This year alone, demand for cobalt could increase 40-50%, with use in the battery sector alone exploding 15-20 fold by 2030.” (Source: https://bit.ly/2x7fw6V)

The rise of Cobalt’s price is extraordinary, as are the forecasts to say the least, and it certainly explains the aggressive moves by companies like Canada-based International Cobalt Corp. (OTC PINK: COBAF). A simple review of their recent news expresses some strong acquisitions, looking to further stake their claim in the red-hot cobalt market”

• International Cobalt Acquires Two Additional Projects (April 2018)

• International Cobalt Acquires Additional Cobalt Project (March 2018)

These are two significant acquisitions in just the last few months which add to an existing and substantive portfolio of resource operations in Canada and the United States, including the renowned Idaho Cobalt Belt. Take a look: http://internationalcobalt.com/projects/.

The nexus of International Cobalt Group’s pursuit of cobalt mining projects and forecasts that suggest that there is a bright, bright future for electric vehicles and the cobalt in their specialized batteries is compelling. As with many industries, the power behind the power can also be an opportunity.

For more information on International Cobalt Corp. (OTC PINK: COBAF), please visit: http://internationalcobalt.com.

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SOURCE: Emerging Markets Report

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