Jump to content

China, eat your heart out. Cobalt from Missouri.


Parliament

Recommended Posts

http://fox2now.com/2018/05/14/cobalt-mining-could-be-new-boon-to-missouri-economy/

Cobalt is a hot commodity and getting hotter. The mineral is in high demand and the largest known deposit of cobalt in our country is located in Fredericktown, Missouri.

The old Madison Mines have been dormant since the late 70's when they stopped mining lead. But now a resurrection is taking place as cobalt takes center stage.

“The cobalt market is going crazy right now,” says Stacy Hastie, co-chairman of Missouri Cobalt.

There is now more worldwide demand than supply and Missouri Cobalt appears to be sitting on the motherload at the right time. They are investing over $150 million just to get this project off the ground.

“It’s the most in the United States, if not North America, and we will be confirming that in the next six months,” Hastie said.

Cobalt is used to lithium-ion batteries and until now a large share of it has been mined by African conscripts, and refined in China.  Well, not so fast!

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...