Selva + 252 SP January 12, 2018 The Democratic Republic of Congo may soon, if approved by the Senate, more than double the tax mining companies operating in the country pay on exports of cobalt. This country is responsible for about two thirds of global cobalt output. Will it affect EV market? Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV January 12, 2018 Knowing that cobalt is a main component in the lithium- ion battery, we could expect that this tax increase from 2 percent to 5 percent will hit the EV market very hard. Quote Share this post Link to post Share on other sites
Selva + 252 SP January 12, 2018 Cobalt had a great last year ending it with 129 percent annual surge caused by constant fear with supplies and high demand from battery market. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK January 12, 2018 All this situation with tax increase and of course political risk in this country will make investors to run away and look for this metal somewhere else. Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 January 12, 2018 Yeah, they're already running away but resource nationalism is spreading and could give them a headache in many places. Is there actually a reason for the supply fright? Any signs of deficit? Or is it preemptive fright? Quote Share this post Link to post Share on other sites
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