Supply and Demand Producing Significant Opportunities for Cobalt & Lithium Mining Industry - Seite 2

LiCo will remain drilling on the Glencore Bucke property, while the second drill rig will be used to test the drill targets identified by management on the Teledyne Property. The Teledyne and Glencore Bucke Properties are managed by Joerg Kleinboeck, P.Geo. (LiCo's QP), and supervised by Mr. Dwayne Melrose, Director and Head of the Technical Advisory Board of LiCo. The overall drilling program will be conducted as part of LiCo's flow thru financing and work commitments for the Glencore Bucke and Teledyne Properties.

In other cobalt/lithium mining news and developments:

Glencore Plc (OTC: GLNCY) closed up slightly on Tuesday at $10.10 by the market close. In an article published on BloombergTechnology , the race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles -- and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo. A pipeline of projects is looming in places including Australia, the U.S. and Canada after cobalt prices more than doubled in the past year. Glencore produces almost a third of the world's supply, mainly from the Congo, which is by far the biggest source, accounting for as much as 65 percent. Read more at:https://www.bloomberg.com/news/articles/2017-06-08/cobalt-upstarts-eye-glencore-s-turf-for-244-billion-ev-spoils

Freeport-McMoRan Inc. (NYSE: FCX) closed up 2.84% on Tuesday trading more than 20.9 million shares by the market close. In a recent article, there are potentially bottlenecks in lithium and cobalt mining efforts, which are crucial for lithium-ion batteries used to power electric cars. In terms of supply, major disruptions that took place in the first half of the year supported prices. But worries have eased as top copper producer Chile reported higher output in July. Meanwhile, Freeport-McMoRan, which owns Grasberg, the world's second-largest copper mine, will continue to export copper as it negotiates a new permit with the Indonesian government. Read more at https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-prices-rally-q4/