logo-loader
viewStrategic Minerals PLC

Tesla deal 'hugely encouraging for Cobalt miners' - Mining Capital's Alastair Ford

Mining Capital's Alastair Ford talks through the deal with electric car firm Tesla and energy company Neoen to build the world's largest lithium ion battery in Australia.

''Cobalt companies are perhaps most under the radar when it comes to lithium batteries because they can't be built without cobalt at the moment and cobalt is a more complex metal to get hold of from a mining perspective than lithium is'', Ford says.

''Cobalt almost exclusively comes as a by-product of copper mining and what we've seen lately in the cobalt industry is that prices have shot up because copper's not being produced as much as it was''.

Ford adds that while cobalt production has slowed demand has rocketed because of this electric battery demand.

Talking through a couple of names in the Cobalt space and those set to really benefit from the upswing in demand, he discusses Metal NRG (LON:MNRG), Strategic Minerals (LON:SML) and what they're up to at Hanns Camp in Australia as well as Greatland Gold (LON:GGP) among a number of others.

Quick facts: Strategic Minerals PLC

Price: 0.425 GBX

AIM:SML
Market: AIM
Market Cap: £7.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Strategic Minerals PLC named herein, including the promotion by the Company of Strategic Minerals PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

September quarter 'a game changer' for Strategic Minerals, says chief John...

A new customer helped boost sales during the September quarter from Strategic Minerals plc's (LON:SML) Cobre iron tailings operation in New Mexico. Shipments to the new client began in mid-August and have carried through into the December quarter. Chief executive John Peters tells...

on 11/18/2016

2 min read