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Severe Supply Deficit in This Strategic Metal Could Yield Investors a Fortune!
According to the UN, 2007 marked the year where the majority of Earth’s population lived in urban areas, rather than rural ones. Over the next decade, the world is expected to add a billion people.
By 2030, this planet will have a population of 8.5 billion, with 59% living in urbanized areas.
Technology and innovation will certainly be at the forefront of accommodating this population growth. And behind all of this new technology is the natural resource market.
Industrial metals are projected to jump 16% this year, according to the World Bank.
Not only is demand continuing to rise, but we’ve seen major supply constraints, with mine depletions and disruptions in Australia, Chile, Indonesia, China, and Peru.
One industrial metal is set to soar much higher due to critical supply shortages.
We’ve all seen this before: commodities that are in high demand and have little supply always see massive price spikes.
We saw it with zinc in 2005 (up 403%), uranium in 2006 (up 778%), molybdenum in 2007 (up 809%), and silver in 2010 (up 443%).
However, the current shortage in cobalt dwarfs anything the world has ever seen.
Cobalt is up 150% in the last year, but it’s likely to see far higher prices due to a severe deficit.
According to Macquarie Research, the deficit for the next year will be 885 tonnes. In 2019, that number rises to 3,205, and by 2020, we are looking at a 5,340 tonne supply shortage!
The importance of this cannot be understated – in the lithium battery, there is more cobalt than lithium…
Tesla, Apple, Google, Toyota, BMW, General Motors, Nissan, Ford, and many other corporate giants are going to be fighting over supply!
Hedge funds are also taking positions, with Chinese and Swiss funds buying up physical supply in order to sell at much higher prices in just a year or two.
First Cobalt is advancing its Silver Centre and cobalt project in Ontario, Canada.
One of its big investors is Robert Cross, a mining legend who is the founder of B2 Gold, a $3 billion company. They call him “the millionaire maker,” and when we spoke with him, he told us First Cobalt was his largest single position in the entire sector!
Management has a proven record of discovery, funding, and the development of producing mines!
This team is looking to expand in North America and Africa, with Peter Campbell, one of the few industry leaders for cobalt, joining the company on March 29th.
Not only is the technology demand for cobalt surging, but the demand for ethical mines is also playing out to be extremely important to companies like Tesla and other North American battery producers.
BIG PROBLEM: 64% of cobalt supply comes from a single location, the Democratic Republic of Congo…
Apple has already begun to crack down on these horrible conditions and unethical Congo mines that are using children.
In an investigation last year, the Washington Post uncovered that many children are working in deadly conditions!
Sky News also reported that the problems in the cobalt supply chain are hazardous and include rampant child abuse, calling the cobalt from many of these mines “conflict minerals.”
As you can imagine, iPhones and Teslas from child slave labor are a corporate scandal nightmare, and both of these companies are getting ahead of it.
This, of course, doesn’t solve the supply line problem – if anything, it makes it worse!
The demand for ethical cobalt mines is years away from being feasible, which is why First Cobalt has become the favorite for many mining investors, like Robert Cross.
Cobalt investors, as they have done for the last year, will continue to outperform nearly all other asset classes.
It’s a pure play on cobalt in North America and Africa, with a proven management team and strong support from industry insiders.
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By Lior Gantz, of Wealth Research Group
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