More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
A 2014 Preliminary Economic Assessment concluded that the Lofdal project has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides.
“We’ve been intensively focusing on how to manage future cobalt supply for a year now. Before, it wasn’t clear just how quickly demand will accelerate.”
NextView Capital agreed to acquire a 19.89% equity interest in Bacanora via placement of 32,976,635 common shares in the Company at 94.53 $1.26 per share.
Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.