Cobalt is critical to the electric vehicle (EV) revolution, and it makes up some 35 percent of the lithium-ion battery mix—but we can’t source enough of it now, and the future supply is uncertain at best.
It’s time for an all-American source of cobalt, and Scientific Metals (TSX:STM.V; OTC:SCTFF) is stepping up to the plate with a pure play cobalt project that could put the U.S. on the cobalt map for the first time in history. It would be the 5th home run for Scientific Metals CEO Wayne Tisdale and his team, whose last home run was lithium. The panic over future lithium supply to feed the EV boom drove prices of lithium up over 400 percent.
It’s time for an all-American source of cobalt, and Scientific Metals (TSX:STM.V; OTC:SCTFF) is stepping up to the plate with a pure play cobalt project that could put the U.S. on the cobalt map for the first time in history. It would be the 5th home run for Scientific Metals CEO Wayne Tisdale and his team, whose last home run was lithium. The panic over future lithium supply to feed the EV boom drove prices of lithium up over 400 percent.