Here’s Why Companies Are Scrambling For Cobalt | CNBC
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- Опубліковано 6 вер 2024
- Major companies are rushing to get their hands on the once little-known element cobalt.
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Here’s Why Companies Are Scrambling For Cobalt | CNBC
That explains all the chaos in the Congo right now.
yet congo remains dirt poor
Remains? No, it's kept that way!
var1328 what do you mean by "primitive people"?
Capitalism is a plight in humanity.
Some people in Congo are quite rich but unfortunately the money rarely stays in the country to raise the capital. The Malthusian trap and Resource Curse are two concepts that plague resources rich African nations. When people get rich, they start breeding like crazy which lower the overall per capita income. Since a nation is resources based and relies on cheap labour, the people are disincentivezed to do high skill jobs. Hence nations stay poor. It's tragic really.
get off the internet then you commie pig
I would too since it has the best mining speed for pickaxes, shovels, and axes and is also a key ingredient to create Manyullyn, which on top of having good durability, has high damage output for weapons.
my friend dont make everything sound like minecraft
Cobalt was and still is primarily from the Congo and Zambia, neither of which refine the metal. Regional stability has always been an issue. Look up how Belgium treated its Congo colony. China has been nurturing relationships in Africa bigtime and this is one of the reasons. Maybe half goes into battery and catalyst apps but the rest is still in hardened metals, tool steels and magnets. You don't build high speed turbines without using cobalt alloys.
zenengineer there still nickle alloys
Smfh once again bleeding Africa dry
Jay C. No but America are.
Eric Nick Your sentence literally made no sense.
Middle East sells their resources (oil), that's kosher, but when Africa sells its resources (e.g. cobalt), everybody says "Oh no waaaaa! Africa is a victim and whitey is bleeding them dry!" Stop making excuses and holding Africa to a lesser standard than other regions.
Sea salt for batteries is the future not cobalt.
Also the past because Sea Salt stores dramatically less electricity than Li or Co
+ozrkmountainspeedway:
You mean sodium chloride? How would you make a battery with that?
Vibranium??!!
Simple Man There is no such metal.
what a nerd
🤦🏻♂️
Ardite
Steal it from wakanda
Aahh this is real Wakanda
No fool. This is why Africa must remain poor. Do you think you could afford any technology if the western world leave Africa to develop? If lithium batteries depends on cobalt and the DRK produces half the worlds supply why do you think it’s still in the state it’s in when they can clearly charge a ton for their precious minerals? Africa doesn’t need the world the world needs Africa.
Yah Guidei you for got to add *tip fedora -meh ladie
It will crash once carbon based batteries take over. A new breakthrough on graphene synthesis has recently happened and its only a matter of time before we step to graphene age.
MarkK Sor Just wait till some big company buys the patent and does nothing with it
+Dog Toy Just wait until i don't care, replicate the formula, create my own carbon based power plant and claim it's not actually carbon based, or modify the formula.
Energy density is still lower than Li-ion
MarkK Sor Carbon based battery or carbon based capacitor.
Graphene does not replace the electrode, it just allows for greater electrode surface area. The electrode still needs the same cobalt.
When leaders fail to protect & value its resources and workers; the companies buying are not to blame. The governments are
What? The paper published in may 2000 buy Center for transportation Research ; Linda Gaines and Roy Cuenca; had Norway, Finland and Canada as the biggest word mine production " The United States imports cobalt from Norway (24%), Finland (18%), Canada (14%), and several other countries". Can anyone give me the updates on that?
Canada is still at the top 5, however Finland and Norway are so small that they aren't significant anymore.
Who said slavery was over
which companies mine it? any that are more socially responsible in how they go about getting it?
And this is how humanity is digging its whole
While you are watching this on your rechargeable smartphone, kids in Congo are still starving
Tendai Mashava and do we fix their problem by giving them food or giving them the ability to work for food? Do you know why you're not supposed to feed the birds?
I think make all the companies benefiting from this mineral responsible for the welfare of the communities around this mining activity
You actually don’t “need” cobalt to make good lithium ion cells. You’ll sacrifice some energy and power density without but the world wouldn’t end. Most of this drama around resource scarcity is a sham to benefit commodity speculators in the short term.
Source: I’m a battery scientist.
Luke Wells so they make batteries more expensive but still has the same effect. bruh
A battery scientist??
Source: Yes, and I’m an alien from Mars.
Cobalt Blue, sounds like something from a spy movie. "Do you have the Cobalt Blue", "Yes, do you have the money ".
Sounds like breaking bad
Wow Wakanda really is futuristic!!
Wakanda, so hot
Wakanda the Nazi regime of Blacks
I thought the thumbnail was rock candy lolol
JESSE, let's dig for some Cobalt!
Which is why lithium-ion companies are drifting from using cobalt, replacing it with manganese and nickel.
batteries without cobalt are lower quality batteries, and more prone to fire.
Be careful trying to invest in things like this. Molycorp was a company that mined rare earth minerals and they went bankrupt in 2015.
Bri I well it was 2015 , times change.
Tonixxy 3 years tho idk
I do that so I don’t have to pay huge amounts to certain people either that or pay as little cash over time as I can
And they’re banning gas stoves in NY? Wtf🤦🏽♂️
Since lithium batteries will be the power storage norm for the next 500 years on Earth, cobalt will probably double in price 100 more times.
I'd like some Cobalt-60 :D
Are you listening, William Devane? Time to start Hocking Cobalt instead of silver and gold!
You better contact Vain Capital.
Graphene easy to make easily replaces Cobalts with more highly efficient batteries that are able to charge rapidly
Last I checked, graphene doesn't replace cobalt in any way in a battery. You still need electrode material, graphene can be used to increase the electrode's surface area, thus improve charge times and discharge current.
Graphene sheets can be used as a dielectric in super capacitors aka "batteries".
Not as dielectric, as the capacitor plates holding the charge. Supercapacitors aren't good batteries. They have high power density but much lower energy density. So you couldn't travel far on a supercapacitor vs a battery. But you could make a very fast car out of it.
In Li-ion batteries graphene can have the role I described in the previous comment, which is a different thing.
Time and technology will tell.
I agree, but I think that before repeating sensational headlines from news articles as a known fact, it's better to read up on the actual information first.
Scientific research could unexpectedly come up with a number of unforeseeable things, but just because it's possible, it's not correct to pretend it's already a done deal. And in fact, the safe way is to assume that it's not a done deal at all, until proven otherwise. Meanwhile you have to work with that you've got.
This cobalt scare is great for headlines, but it's almost moot with upcoming battery tech moving at the pace it is and yielding MUCH better results for charge/discharge rates and number of cycles before cell degridation. From Sodium Glass batteries to Graphine super-capacitors, the market for li-on batteries is going to be reduced significantly in the next 10 years.
Question is "will the market adopt theses quickly enough?"
They already have a graphine battery bank for phones that can charge in 15 minutes, and it's just a proof of concept first gen device. With a bit of refinement, it's not hard to see it going further in development much faster as people begin to take notice.
hellcat1988 investors will determine everything. Surprised musk doesn't tackle coal powered plants that produce the most pollution. Instead of switching from coal to battery/solar, they're working on cars. Less cars would be on the road if cities like LA went under massive changes to it's freeway system, public transport and developments.
That shows just how uninformed you actually are Milk. Tesla bought Solar City, a company Musk was helping with that has been producing solar systems for residential houses, as well as producing it's own large, off grid battery storage solutions to offset pollution emitters like power plants.
Currently, Tesla now offers every single thing you need to get completely off the power grid, from transportation, to power generation and storage, to inverters to USE that stored power and charge your car.
Thought it was that other stuff on thumbnail. Never did cobalt. Not even once.
No wonder Walt was making that blue stuff, it’s in such high demand
So how do I invest in cobalt?
it's used in fertilizers also
I scream for Cobalt as soon as I go hardmode in Terraria...
Good thing I've been farming Cobalt in Terraria for 5 years.
Tesla can buy its cobalt from SpaceX in the future.
Landon Thomas heavily subsidized by taxpayers of course.
Yeah, like ULA doesn't get taxpayer money. Id rather my money go to companies actually making a difference.
I'm not sure who ULA is but what difference does it make? Bringing up ULA is a simply straw man argument. I'm opposed to all forms of corporate welfare.
SpaceX is NOT subsidized it competes with ULA for satellites and contracts by NASA or us air force
RisingODST all of Elon Musk’s companies benefit from government grants and subsidies. Google it.
How did u use footage from black panther?
Accidental Pac Man at 2:00.
Can't believe some child mined my Oster Octane
I really wanna watch this, but I refuse to give Comcast the ad revenue.
Use ad block sofware
Christopher N Lol, I do on my PC, but my phone's UA-cam app is a different story.
Jog on then..cya byeeee
you can make any size battery with baking soda water and vinegar good luck to you in figuring it out
child labor = best labor
Wakanda labor
This is some dark dark humor. :/ pretty sad organizations like the UN cant stop child labor there.
The UN does seem to have a track record of ADDING to the abuse, not reducing it.
TheFooledGhost they are a public figure, like a hall moniter. No one really cares about them cause all they do its all about money and illegal foreign deals.
typical hall monitors.....always in it for the illegal foreign money
Nickel Metal Hydride batteries, FAM.
Leopold of Belgium killed more 10,000,000 in Congo for rubber . Where is the money going from other minerals ?
How do you make this entire video, and not mention "COBALT Ontario"
Cool background music in the first half of the video
OUR LADY OF CHARITY
The Blessed Virgin Mary
WHY CONGO AINT GETTING THE MONEY ?
It’s critical element for lithium ion batteries which are used big companies like Tsla for its ev batteries. As well as all the other products that use batteries. Obviously it’s a very precious raw material.
There will be new batteries.
The impact of drilling for oil or mining for cobalt, I’ll take drilling for oil.
Iol...oil needs to be refined with TONS of cobalt before it ends up in your gas tank doofus
Africa Feeds The Whole World
Africa raised the price !
They disguised it as Vibtranium in the Black Panther🤔🤔😨
do a video on graphite, which is much needed for the EV Battery market!
Last Deficit
NEXT ON CNBC: DR CONGO CRASHES PLANE INTO WORLD TRADE CENTRE
BenAddict19 with all the uranium they have, they definitely have weapons of mass destruction.
A new solution will arrive or synthetic equivalent it always does just in time it's magic
Billy Bunnell I hope it does that would be cool
It's cause money, like making synthetic fish blood.
Wtf ?? And you show us some poor Africans that mine with sacks ?
What about Graphene?
can that save the cobalt issue?
China should put a 25% export tax on cobalt shipped to the United States. That would help the U.S. to reduce its trade deficit and decrease dependence on foreign countries.
If most of the cobalt is from African country, why is original country still poor? Wouldn’t they increase the price because cobalt is now #1 commodity. Or it’s just corruption?
suki san The give them guns and get Cobalt for free. It's called a democratic trade.
The CIA backed the assassination of Patrice Lamumba. Its poor to keep the minerals cheap.
Vince M I think you wanted to say: "it's kept poor to maintain the minerals cheap."
Last time Ive read up on it there is alot of infighting
"it's kept poor to maintain the minerals cheap." This sentence isn't correct?????
Cobalt armor lol
Interesting video
Our leisure depends on child slavery
Demand won't out strip supply, as the price go up it will make other less cost effective means of obtaining Cobalt more profitable which will over time become more efficient and prices will go back down or a substitute will find its way into the market effectively achieving the same thing.
So that's unobtainiumn. Must be why all the aliens on Avatar are blue.
Buy only Fair Trade metals.
Cobalt, the new water...
Another reason to stick to my petrol car (besides not being to afford a new electric one).
RIP Kurt Cobaltin
Yes, mining precious metals and minerals is far safer than oil drilling.
Not exactly. Afghanistan has $1.3T in Lithium.
Does this mean we're going back to lead acid batteries eventually...
Let the people that mine them, will never get even 1% of the profit or price...
Recycling people.
Graphite batteries are the future.
What are the target minerals?
The Philippines’ top mineral exports are copper, gold and nickel. Other target minerals include quartz, mica, iron, gypsum, feldspar, chromite, calcite and sulphur. Some target non-metallic minerals are sand and gravel, limestone, marble, clay and other quarry materials.
Cobalt is the main factor for the increased interest in minerals used in battery technology in the Philippines. The Philippines has the fourth-largest cobalt reserves worldwide, at an estimated 280,000 tonnes.
The MGB has noted that the production value of mixed nickel-cobalt sulfide went up by 1.01 billion pesos, from 3,804 billion pesos in the first quarter of 2016 to 4,815 billion pesos in the first quarter of 2017. The MGB additionally noted that from 2012 to 2015 the joint production value of nickel direct shipping ore and mixed nickel-cobalt sulfide consistently took the top spot with a four-year average of about 49 per cent of the total metallic production value.
I alone mine cobalt to fabricate 2mm electromagnetic cartridges for my Gauss weapons.
What? It's not using Phosphorus instead?
WAKANDA!!!
America
Congo is basically Wakanda irl but it’s dirt poor
Vibranium is really Cobalt
Why not find alternative to Cobalt ?
carbon is the other alternative
Because that costs money, and there is a current demand for cobalt so is going to get and sell the cobalt. Basic economics.
I see children harvesting this cobalt...
Because making a pickaxe of it makes increases the mining speed
Too many people!
Rhett Z neeed depopulation
var1328 Africans? Buddy, let me introduce you to China
We must mine the asteroid belt!
Just smash some demon alters to get more ( *_reference_* )
Time to create a synthetic.
We will move away from cobalt shortly.
Is Cobalt renewable? If not, what if it runs out.
huajie666 liu no its super rare and currently only one country has a sizeable amount
+huajie666 liu:
Cobalt is an element. I suggest that you study a little of chemistry. The only way to make an element is through a nuclear process (fusion or fission) and that is extremely time consuming and expense.
It's the same type of question that people ask about gold. Can you make gold? Yes, we can make gold but it is cheaper to mine it. The cost difference would be 1000x more expensive for artificial gold.
Looks like fuel cells are going to win eventually after all.
its me!
Cobalt is now used in petroleum by the oil company’s to.
What does CryptCurrency have to do with Lithium Batteries?
Electric cars use lithium polymer batteries not lithium ion
Cobalt bombs anyone?
Cobalt refining is an environmental disaster
I guess cobalt represents vibranium
SO LETS RECYCLE THE COBALT WE THROW AWAY!!!!!!!!
Can we move to graphene lol. Lithium is so inefficient. Time to speed up graphene production.
I always dig cobalt in Minecraft