By MATT MCCALL
1. Glencore (GLNCY)
2. Umicore (UMICY)
3. China Molybdenum (CMCLF)
Source: MoneyWire
https://investorplace.com/2018/10/3-cob ... h=nonbuyer
1. Glencore (GLNCY)
2. Umicore (UMICY)
3. China Molybdenum (CMCLF)
Glencore’s unit in the Democratic Republic of Congo suspended cobalt sales, after detecting low levels of radioactivity.
Glencore plans to stockpile cobalt supplies until the middle of next year, while it builds a special plant to remove radioactivity. Caspar Rawles, an analyst at Benchmark Minerals, described the timing of the announcement as "opportunistic" because Glencore is currently negotiating 2019 supply deals.
The team reported a new class of cathodes — the electrode in a battery where all the cobalt typically resides — anchored by high nickel content.
The cathode in their study is 89% nickel. Manganese and aluminum make up the other key elements.
More nickel in a battery means it can store more energy. That increased energy density can lead to longer battery life for a phone or greater range for an electric vehicle with each charge.
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