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Stumbled upon APF after a notification from Primary Bids about the Voisey Bay offering. Still doing some research at the moment before buying in but it’s this that has peaked my interest.
Cobalt in battery powered cells for vehicles is a really important mineral component and with Ford, JLR etc. committing to various fuel free vehicle targets it’s only going to become more important. It’s also important in the vape market for those that aren’t aware (another growing industry).
Anyway as has been said ESG is becoming ever more important and a mine in Canada could potentially save a lot of red faces, fines and NGO action. There are plenty of reports already out there on conflict minerals and labour violations in cobalt mining, smelting etc.
If there’s a well run, reputable mining company able to mine cobalt in Canada with stricter labour laws and due diligence it could save a lot of hassle and stress for companies currently procuring through supply chains with Tier 3 and 4s in the DRC.
Higher battery metals is of course a good thing for companies like APF. But, we don't want them to go too high. In the short term it won't be a problem, but longer term manufacturers will be looking for the most cost efficient ways - ie, chemistry, battery constituents etc to produce a battery. If, for example, cobalt runs really hot again then alternatives will look more attractive - whether that be solid state or something else.
That said, APF is perfectly positioned to take advantage of the global drive towards electrification, with exposure to key metals and, crucially, not carrying any operator risk. Julian has his head screwed on here. He knows the key is to not only be positioned in critical metals, but for the operation/s to produce the given metal in a superior way to the vast majority of competitors. Whether that be a cobalt stream from one of the world's biggest ni sulphide mines with a low carbon footprint (VB), or a nickel/cobalt operation using cutting edge green/clean processing tech (Piaui), or in the case of LIORC a low emission pellet that is superior to many of its competitors. ESG, in my opinion, gets ever more important as time goes on. It's only a matter of time before mining projects that don't have whiter than white ESG credentials get left on the sidelines.
The Voisey Bay Cobalt purchase will transform APF which is great as i've been accumulating APF shares.
But if Voisey Bay is so good who sold it and why?
Sorry reuters link wont post
To go electric, America needs more mines. Can it build them?
Ernest Scheyder
(Reuters) - Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight.
To go electric, America needs more mines. Can it build them?
Promising
Ev battery metals will rise sharply in price