Mississauga, ON -- (SBWIRE) -- 11/10/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company First Cobalt Corp. (TSX-Venture:FCC)(OTCQB:FTSSF).
The electric vehicle (EV) revolution has underpinned soaring cobalt prices in 2017, as demand continues to escalate amongst promises by car manufacturers to crank out more of the non-fossil-fueled vehicles. There are some interesting components to the dynamic of pricing for cobalt, a metal imperative to the rechargeable batteries in EVs that doesn't draw all the glamour of lithium that is part of the batteries' Li-ion name. Less popular amongst the media doesn't equate to less valuable to investors by any stretch of the imagination.
One issue is that the world largely relies upon supply from the Democratic Republic of Congo (DRC), one of the most unstable political climates worldwide where child labor is still employed in unscrupulous parts of the nation's mining industry. The country, formerly known as Zaire, produced about 66,000 tons of cobalt last year, or roughly 63 percent of the world's supply.
According to Bloomberg New Energy Finance estimates, that percentage could top 70 percent by 2025 against the backdrop of global demand escalating by 47-times today's need. The spike in demand for cobalt, which is nearly always a byproduct of nickel or copper mining, is plainly led by the future of EVs, with forecasts ranging as high as Wood Mackenzie calling for EVs to make up 85 percent of all new vehicle sales by 2035.
When it comes to cobalt pricing, stubbornness appears to be the theme for producers. In September, Volkswagen Group went shopping to secure long-term contracts with cobalt suppliers as it looked to start making good on its promise to ramp up EV manufacturing. They came back empty handed, as the German automaker reportedly was offering fixed prices too low to find partners. Pricing leverage is a good thing going forward for producers.
Majors like Glencore plc will be ratcheting up cobalt production, but it is going to take more companies in more countries to meet the expected demand, a fact that bodes well for many juniors, including First Cobalt Corp. (TSX-Venture:FCC)(OTCQB:FTSSF), a Toronto-based company that has the objective "to create the largest pure-play cobalt exploration and development company in the world."
A complete FCC profile can be viewed at: http://www.allpennystocks.com/SpotLight/21/First-Cobalt-Corp.htm
About AllPennyStocks.com Media Inc.:
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and U.S. site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs a unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, Nasdaq and OTCBB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski - President
Phone: 905-361-5680
E-Mail: peter@allpennystocks.com
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, NativeAds, Inc. for its efforts in presenting the FCC profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on FCC can be found at: http://www.allpennystocks.com/SpotLight/21/First-Cobalt-Corp.htm.