The t.sage and CFE investors are going to love this story. The t.sage plan to get rich quick is starting to rock and roll. First EUR is going up and now CFE may also. Lithium and Cobalt.............
The Electric Vehicle Revolution Will Send This Super Metal Soaring
New York /PRNewswire/ - After running a poor second to the internal combustion automobile for a century, the electric vehicle (EV) now looks very likely to win the race. At the beginning of the twentieth century, EVs were on track but they lost position to gasoline automobiles. Now in America, in China and in Europe, EVs are taking to the roads once again. And in response to a more environmentally aware citizenry and government mandates, many car manufacturers plan to phase out fossil-fueled vehicles and increase output of EVs over the next two decades. The increasing adoption of EVs is already beginning to raise demand for the metals that comprise the batteries under their hoods. Chief of these is lithium, naturally, since lithium-ion is the leading EV battery technology. However, equally necessary, is the cobalt used in lithium cobalt oxide (LiCoO2) electrodes, one of the most common lithium ion (Li-ion) technologies. As search for this rare metal intensifies, cobalt miners like Quantum Cobalt Corp. (CSE: QBOT) (FRA: 23B) (QBOT Profile), eCobalt Solutions (OTC: ECSIF) (TSX: ECS), First Cobalt Corporation (OTCQB: FTSSF) (TSX-V: FCC), Fortune Minerals Limited (OTC: FTMDF) (TSX: FT) and Freeport-McMoRan (NYSE: FCX) are likely to see their share prices rise. In the coming months, cobalt looks set to make fortunes.
One of the factors driving the shift to EVs has been the Paris Climate Accord, an international effort to slow global warming by reducing carbon emissions, which became effective on November 4, 2016. The U.N. Intergovernmental Panel on Climate Change (IPCC) has estimated that transportation is responsible for fourteen percent (14 percent) of global greenhouse gas emissions (http://nnw.fm/4G0m7). On November 7, Syria announced it would sign the agreement, following Nicaragua, which said in October it would join the Accord (http://nnw.fm/S0uWY). The Central American nation had, initially, refused to sign because it wanted the Agreement to go further. This leaves the U.S. as the only country rejecting the pact. However, under its terms, which the White House said it will respect, the soonest any country can withdraw from the landmark agreement is November 4, 2020.
The Accord has prompted a series of initiatives across the globe. Recently, China, France, Germany, India, Norway, the Netherlands and the U.K. all announced measures intended to curb carbon emissions. China, which has the world's largest vehicle market, is in the lead. With air pollution at crisis levels in Beijing and other major cities, the Chinese government wants to see vehicles using gasoline and diesel phased out. It also, it seems, plans to dominate the global EV market, according to the LA Times (http://nnw.fm/sWsE3). The government in India is facing similar problems. India'scarbon emissions are rising: they rose almost 5 percent in 2016. But now there's hope that trend will be reversed by replacing fossil fuel cars with EVs by 2030. European nations are also in the vanguard of this battle against global warming. The Norwegian government has said, that after 2025, it will only allow sales of vehicles that are 100 percent electric. And Germany is following suit, albeit with a less rigorous schedule. It plans a total ban on all internal combustion engines by 2030. In Britain, a deadline has been set for 2040, after which time no cars powered by petrol (gasoline) or diesel will be allowed. The Netherlands is also considering similar plans, while France, the host of the Accord, wants all petrol and diesel cars off its roads by 2040.
The big car manufacturers are already making plans to ramp up EV production. Volkswagen, now the largest global automaker by sales, is planning 30 new EV models by 2025. It hopes to garner annual sales of between two and three million units by then. The company has announced it will invest around $84 billion in batteries and electric cars. In addition, No. 2 Toyota has formed a joint venture with Mazda and Denso, the Japanese auto parts manufacturer, to develop EV technologies for the future. The new company, called EV Common Architecture Spirit Co. Ltd., will be 90 percent owned by Toyota, with Mazda and Denso sharing the remaining 10 percent equally. The joint venture will produce models based on Toyota's Prius and 2018 Camry. And Mary Barra, CEO of General Motors, told an investor conference on November 15 that the company plans to launch a new EV platform in 2021 (http://nnw.fm/XP8zF). The modular EV stereotype will be the basis for at least 20 new battery-powered vehicles by 2023 and will be flexible enough to accommodate nine different body styles in multiple sizes, segments and brands in the U.S., China and elsewhere. Meanwhile in July, when Tesla delivered the first Model 3s off the line, its CEO Elon Musk revealed the company had 'over half a million advance reservations'. The EV revolution seems unstoppable.