Member Info for bluesky687

and still at an early stage, says expert https://stockhead.com.au/experts/battery-metals-are-under-valued-and-still-at-an-early-stage-says-expert/ “The growth rates we are seeing in these commodities are unlike any we have seen in a long time — at least for the last 15 years I have been in the industry,” Mr Babarczy said. “While they may seem risky, the upside is definitely there.” Despite some recent bearish comments on cobalt from Telsa’s Elon Musk, electric car makers would continue to drive the market, Mr Babarczy said.

Significant trade indeed

its worth the wait Oilbell:D

I appreciate your optimism :D

and I expect plenty more to follow

http://www.spangel.co.uk/media.html 23.03.2018 What metals are needed for electric vehicles and battery storage? Demand for batteries is growing as the world transitions toward electric vehicles and renewable energy. But what metals are needed and what companies are mining them? John Meyer, partner and mining analyst at SP Angel speaks about how investors can gain exposure to the space. (Source: www.ig.com) Read more � https://www.ig.com/uk/commodities-news/what-metals-are-needed-for-electric-vehicles-and-battery-storage-180323 What countries produce the most cobalt? Worldwide cobalt production is currently heavily concentrated in the Democratic Republic (DR) of Congo, which currently produces about ten times more cobalt than any other country. Although cobalt output dipped in DR Congo in 2017, production was still about one million tonnes higher than back in 2013. There has not been any notable growth in output from any country over recent years, but the likes of the Philippines and Papua New Guinea have only been producing notable levels of the metal since 2016. Cobalt chart Cobalt chart Cobalt chart Cobalt has historically been produced as a by-product by miners rather than a primary material. The metal is often associated with the likes of copper and nickel. Only 2% of global production came from operations primarily mining cobalt, while 38% was produced as a by-product of nickel and 60% as a by-product of copper. What companies produce cobalt? Big names in the cobalt space include Glencore and Vale. There are many smaller players involved in cobalt, including China Molybdenum, Transition Metals, Royal Nickel, First Quantum Minerals, Katanga Mining, Amur Minerals, Regency Mines, African Battery Metals, Aura Energy, Strategic Minerals, Sula Iron & Gold and Alexander Mining. Lithium-ion batteries is the biggest end market for cobalt at present, responsible for 49% of total consumption in 2016. Manufacturing of super alloys consumed 18%, hard metals 8%, ceramics 6%, catalysts 5%, wear products 4%, rubber additives 4% and magnets 3%.

Nice one

Can one read between the lines? Ok. Back to the facts. LOL From happy shareholder bluesky687

https://twitter.com/AfricanBattery/status/991678574569586688?s=20

Speaking about the reliance on the DRC, Roger Murphy, the CEO of African-focused strategic metals exploration company African Battery Metals said: “I don’t think there is an alternative to cobalt in batteries for the next few years and no alternative to DRC as a source of the cobalt.  “There just isn’t the metal resource available anywhere else in the world. Alternatives sources are just too small for the projected scale of demand growth or have metallurgical challenges. So I think the dependence on the DRC for supply will continue, or even increase.” https://www.**********.co.uk/blogs/significant-risks-reducing-cobalt-nmc811-ev-battery/

Cheers bongabob Same to you and the rest of us

I personally don't rate this (new) company for what they did in the past as SULA, as I decided to invest in ABM. And I don't expect young explorers to sell already, here and elsewhere. They are also not the first ones with a changed name. Changing the focus and/or add battery metals to one's portfolio is probably not the worst idea these days. As many of us are waiting for the first confirmed drilling results, I would suggests to postpone our conversation until then. There should be a few RNS's over the coming months, after which a discussion possibly makes more sense, rather at this stage. But you may want to forward your questions/points to the company directly beforehand. May I ask, are you invested ind here? If not, when would you do so?

https://twitter.com/DGRGlobal/status/991513872820506624?s=20 Supply constraints on cobalt, lithium, copper, nickel could slow electric vehicle production rates: Moody's (link: http://ht.ly/Xwv130jMK0I) ht.ly/Xwv130jMK0I @mining #cobalt #lithium #copper #nickel #mining #Ev #Evs #batteries #battery #cars

https://www.swissinfo.ch/eng/green-monster_largest-electric-vehicle-in-the-world-unveiled-at-swiss-quarry/44063822 The E-Dumper named �Lynx� weighs 58 tonnes empty, with tyres measuring two metres in diameter and nine steps up to the drivers� cabin. It was built from a diesel-powered dump truck. The fuel tank was replaced by the biggest battery ever made for an electric vehicle, which weighs 4.5 tonnes. As well as its enormous size, the truck is expected to save enormous amounts of CO2. Carrying an estimated 300,000 tonnes of material, provisional estimates say it should save up to 1,300 tonnes of CO2 and 500,000 litres of diesel fuel over the next decade.

Now that is a good basis indeed

it is nice to have those patents but they need to be incorporated by end users etc. - some here can't wait for ACCUDO news - but I am looking forward to the big long-term prospect / our patents 'when in commercial use' and adopted by 'the industry'

Cool. Good luck with all of them!

according the Audited Results for the Year Ended 30 September 2017... "We were delighted to announce in December 2017 that the Company had acquired 70% of the Kisinka licence in the Katanga Province of the Democratic Republic of the Congo (DRC) for the payment of $50,000 with a second tranche of $50,000 to be paid in May 2018. ABM has also acquired the option to acquire 70% of a second licence in the DRC, Sakania, on the same payment terms. We originally had until the end of January 2018 to exercise the Sakania option and pay the first tranche, but this deadline has since been extended to 30 April 2018."

Annual production of the raw material is only around 100,000 tonnes primarily as a byproduct of nickel and copper mining. The Democratic Republic of the Congo today has six of the top 10 cobalt mines globally. Due primarily to Chinese investment, by 2022, the central African nation will host the nine largest cobalt producers. http://www.mining.com/chinese-investors-key-cobalt-price-hits-month-low/

Time will tell beardozer