Our long term supply agreement with Glencore gives us the right to purchase $1 billion of cobalt metal
Cobalt Holdings long term supply agreement
with Glencore is a key strategic advantage that provides access to material volumes of Cobalt.
Exposure
Exposure
Provides investors with exposure to the cobalt price without the operating risks associated with exploration, development, mining or processing.
Growth
Growth
Positioned to benefit from increasing demand from Electric Vehicles, other battery applications, and superalloys.
Leadership
Leadership
A strong board and management committed to good governance and high ethical standards.
What is Cobalt?
Recognised by the EU and US as a Critical Raw Material, cobalt is an energy transition- and technology-enabling metal, with long term structural demand tailwinds coming from its important role in electric vehicle (EV) batteries and alloys used in the Aerospace & Defence sector.
As we move towards a net-zero economy, demand for electric vehicle batteries and energy storage is increasing to help decarbonise transport and integrate renewable energy into national electricity grids. Cobalt is an essential component in the cathodes of Lithium-ion batteries. Cobalt has two innate properties that make it ideal for battery applications: thermal stability and high energy density.
Its high temperature resistance, hardness and wear characteristics when alloyed with other metals, makes cobalt highly valued in superalloys for gas turbines. Cobalt is most often mined, as a by-product of other metals (e.g. copper and nickel).
