Note: Estimates put the Democratic Republic of Congo at having 10% of the world’s copper and 50% of its cobalt.įinally, according to the company’s website: World’s largest of anything is always a tantalizing opportunity. According to the company, it has the potential to become Africa’s largest copper producer and the world’s largest cobalt producer. The company operates a large-scale copper-cobalt mine complex in the Democratic Republic of Congo (DRC) through two joint ventures, Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP). Katanga Mining has 1.91 billion shares outstanding and a market cap of approximately $772 million. The company’s stock has had a wild ride in 2017 after a quiet 2016. Now, back to Katanga Mining, a company that is, in some ways, miles ahead of most junior cobalt deals, if only because of its production potential. Some cobalt-related stocks have broken out on the TSX and TSX Venture in 2017. Markets & Money was kind enough to put together a pie chart on its demand: NCA batteries require more cobalt than NMC batteries.”Ĭobalt has dozens of applications, but there is only one that has investors tripping over each other to get in: batteries. Typically, lithium-ion NCA batteries use a combination of 80% nickel, 15% cobalt and 5% aluminum, according to. It has a lithium-nickel-cobalt-aluminium oxide chemistry (NCA). “Instead, Tesla has committed to a different type of battery for years.
Check out the below excerpt from the M&M article: Many have tried to draw Tesla to the junior mining sector, be it through lithium or cobalt. Markets & Money published an article in late February titled Why Cobalt Is the Hottest Commodity on the ASX. Cobalt is the latest metal to capture the imagination of investors on the TSX Venture. For starters, the company is in production and is one of just a handful global enterprises producing cobalt. Its 26.56% move higher Friday captured the Daily Stock Challenge Breakout award in April’s Stock Challenge but, a one-day move in its stock price is only one small part of the story. Katanga Mining is not your average junior exploration company.
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