Battery Boom Drives Vale to Sign Major Cobalt Deal

The video discusses the rising demand for cobalt due to its use in electric cars and the innovative financing strategies companies are employing. A significant deal between Vale, Wheaton Precious Metals, and Cobalt 27 is highlighted, marking a pivotal moment for cobalt pricing. The implications for major companies like Apple and BMW are explored, along with the role of nickel and lithium in the electric car revolution. Vale's efforts to expand its nickel mining operations in Canada are also covered.

Why is cobalt in high demand in recent years?

• Because it is a new discovery

• For its aesthetic appeal

• Because it is a rare metal

• Due to its use in electric car batteries

What is the significance of the deal between Vale, Wheaton Precious Metals, and Cobalt 27 Capital?

• It is a government-backed initiative

• It involves a new technology for mining

• It is a major long-term contract for cobalt supply

• It marks the first time cobalt is being mined

What price level does the cobalt deal imply?

• $30 a pound

• $40 a pound

• $60 a pound

• $50 a pound

Which companies might be affected by the future cobalt prices?

• Samsung and Tesla

• Apple and BMW

• Google and Ford

• Microsoft and Toyota

What is Vale's position in the nickel market?

• A new entrant

• A minor player

• A government-owned entity

• The world's largest producer