Long ago, cobalt was used as a material to color glass, ceramics or pottery products. Today, it is impossible to imagine the high-tech sector without this raw material. Energy storage devices, the batteries of electric vehicles and metal alloys need cobalt. The growing market for e-mobility will boost cobalt consumption in the coming years. Yet the main country of production, the Democratic Republic of Congo, is an unsafe country. The fight against human rights violations has not yet been won, and mines in the Congo are often dangerous or poorly managed. Thus, there could be shortages in the supply of cobalt. Cobalt is usually produced as a by-product, mostly of copper and nickel. And it is not only electric vehicles that devour cobalt during production, but also many electronics industries, because devices with rechargeable batteries are becoming more widespread.

There is virtual unanimity among those familiar with the cobalt sector that a cobalt deficit is to be expected in the next few years. According to forecasts (Massachusetts Institute of Technology), at least six times the world’s current refining capacity will be needed by 2030. If investors want to participate in this development, cobalt stocks are recommended.

That’s where a look at nickel and copper companies, and in the case of Mawson Gold – https://www.youtube.com/watch?v=FRzikYGaaYk -, even gold companies, can help. Mawson Gold owns the Rajapalot project in Finland with gold and cobalt. The company is also involved in Sweden and Australia.

For example, the more classic combination of nickel and cobalt is held by Canada Nickel Company – https://www.youtube.com/watch?v=pJLxgA7xZqQ -, at the Crawford project in Ontario, Canada.

Current corporate information and press releases from Mawson Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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