First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Expands Muckpile Sampling as Supply Shortfall Looms
Global cobalt market set for CAGR of 11.6 percent Global supply shortage on the horizon as EV production accelerates First Cobalt controls claims stretching over 10,000 hectares (39 square miles) With global demand for cobalt now exceeding 100,000 tonnes per annum, a supply shortfall for the metal seems imminent. Over the next 10 years, the cobalt market is projected to grow at a compound annual growth rate (CAGR) of 11.6 percent (http://ibn.fm/4ge1N). More than half of world supply is mined in the Democratic Republic of the Congo (DRC), some of it by thousands of “creuseurs” (diggers), who work at great…