Electra Bat Ord Share Price (0UVX)

Yeah I'm 96% down with an average of C$24.67 😂

I keep telling myself one day!......

I down tenfold on this, haven’t sold as I liked the concept, and the company really seemed to be getting it act together at one point, also US grants.

To sell and take massive loss, recoup pennies on the pounds or just leave it, consider total loss and keep it as a wild card.

Few commodities have had more dramatic increases in demand than cobalt, primarily a byproduct of copper and nickel mining. Global cobalt production has quadrupled since 2000 to about 123,000 metric tons a year, according to the U.S. Geological Survey. Demand is growing even faster and is expected to reach more than 200,000 tons by 2025, according to researcher Wood Mackenzie. Electric cars are a big reason why. About 1,300 metric tons of cobalt were used in electric vehicles in 2014, Morgan Stanley estimates. The total is expected to rise to 11,320 tons this year and 62,940 tons by 2025. Such expectations have caused cobalt prices to more than double in the past year in London trading. Cobalt prices are up more than 230% since the end of 2015, according to Thomson Reuters.

Chinese imports of cobalt from Congo, the world�s biggest producer of cobalt, totaled $1.2 billion in the first nine months of 2017, compared with just $3.2 million by India, the second-largest importer, government data show. �We�re realizing that the Congo is to [electric vehicles] what Saudi Arabia is to the internal combustion engine,� says Trent Mell, chief executive of exploration company First Cobalt Corp. , based in Toronto. Chinese firms are keenly aware of Congo�s importance to electric vehicles, he says, and �trying to control the whole ecosystem�from cobalt mining to battery production.�