The huge growth of Fuse Cobalt: power battery market provides opportunities for the company.

Published: Jun 19, 2020 10:31

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Cobalt is a key ingredient in most electric car batteries, and it has been reported that Tesla recently bought cobalt from Swiss miner Glencore, a move that shows that the cobalt market is picking up.

SMM6, March 19: cobalt is a key ingredient in most electric car batteries, and it has been reported that Tesla recently bought cobalt from Swiss miner Glencore, a move that shows that the cobalt market is picking up.

, Fuse Cobalt's CEO said in a recent interview that the company will explore high-value metals through two wholly-owned properties in Northern Ontario, Canada.

Fuse Cobalt's strategy is to push these projects into cobalt mining operations for use in a variety of cobalt-related products, such as power batteries for electric vehicles.

"the company is in a good position to see cobalt as a strategic metal that can take advantage of the huge growth in the electric vehicle battery market," said Fuse Cobalt's chief executive.

Fuse Cobalt is a Canadian exploration company dedicated to exploring the high-value metals needed to make batteries. The company has a 100 per cent interest in Glencore Bucke, which is located in Bucke Township, 6km northeast of Ontario.

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