A Few Key Suppliers of the Source Materials Cobalt and Palladium Stand to Make a Fortune as the Energy Metals Market Booms. We’ve Spotted a Junior Developer That’s on Target and Ready to Move Ahead of This Potentially Huge Demand Wave
The global hybrid and electric vehicle market grew by 33.2% in 2017, according to MarketLine data, and demand is predicted to keep rising through 2020. This has meant an outright boom to the battery market and demand for the source metals in kind. This year alone, demand for cobalt could increase 40-50%, with use in the battery sector alone exploding 15-20 fold by 2030, much if it fueled by demand from China.
Darton Commodities Limited estimates that annual cobalt demand will exceed 120,000 tonnes by 2020, with further demand growth linked to potential technological advancements in the battery space. So, demand is outpacing the supplies at a head spinning pace.
To further complicate the supply chain, more than 60% of the world’s cobalt production comes from the DRC, of which 10-25% is estimated to be artisanal in nature. The DRC is awash with human rights violations, making it a minefield that has all major users seeking ethical alternatives. Indeed, the deficit is getting so bad that Forbes is labelling Cobalt the “Achilles Heel” of the renewable energy market.
While the market for cobalt is expanding rapidly, it needs ethically sourced suppliers to sustain its upward momentum. In a quick review of mining companies, one junior company, 21C Metals Inc. (CSE: BULL; OTC: DCNNF), really caught our attention for seeking a way to bridge the gap between supply and demand. And they could make a fortune in the process.
In early 2019, 21C metals acquired interest in the East Bull property nearly Sudbury, Ontario. The property has been tested recently and all permits are in place to begin exploring for palladium. Drilling has previously been conducted on the property, with a 43-101 compliant resource estimate of 11.1m tonnes of ore grading at 1.46 g/T PdEq. That equates to 523,000 ounces palladium equivalent.
21C Metal’s core asset prior to the acquisition of the East Bull was its copper / cobalt project, located on the border of the Czech Republic and Germany. Geologists and other recognized world experts believe the in the Tisova Property will product significant amounts of copper and cobalt. Between 1959 and 1992, a total of 25,985 meters of surface drilling was completed as well as a total of 14,299 meters of underground drilling. Grades of 0.69 percent cobalt, 17.1 percent copper, 3.7 g/t gold and 178 g/t silver have been recovered at Tisova.
C21 Metals Inc.
Symbols: CSE: BULL, OTC: DCNNF
Market Cap: $6.7 million
We did some the simple math to assess 21C Metals position. Here’s why we believe this little-known company has the potential to go ballistic: Palladium currently trades at roughly $1519.00 US per ounce (or higher). 21C Metals has some 523,000 ounces on the East Bull for an all-in value of a staggering $415 Trillion. Add that to the 14,299 meters of 0.60 percent cobalt on its Tisova prospect value at approximately $XX Billion, and you have a massive potential for a combined Cobalt and Palladium super producer.
Ethically sourced, well-positioned geographically with stable properties that can be easily developed with mining the latest mining infrastructure also add to the potential upside for this upstart company.
Few companies are positioning themselves to source the ethical cobalt supplies called for Musk and others. Even fewer are looking at adding key metals like palladium in order to enhance their value as pure “energy metals” plays. This makes 21C Metals a unique situation that speculators should put front and center now and follow this sector very closely as it emerges. See the detailed report on 21C Metals and the energy metals boom at http://usanewsgroup.com/2019/03/11/cobalt-and-palladium-why-two-little-metals-are-so-valuable-in-the-push-to-develop-renewable-energy/
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