The need for nickel for batteries is driving greater investment in mines in Indonesia.
- Batteries play vital role in modern society, powering everything from phones to EVs.
- Pacific Rim Cobalt Corp. releases assay results confirming strong nickel, cobalt mineralization in Cyclops Project.
- As the world’s leading source of nickel, Indonesia is seeing serious investments.
Pacific Rim Cobalt Corporation (OTCQB: PCRCF) (CSE: BOLT) (PCRCF Profile) just announced assay results from its ongoing 2019 drilling campaign at the Cyclops, Nickel/Cobalt Project in Indonesia. VALE S.A. (NYSE: VALE) has also invested heavily in Indonesian nickel production. Glencore (OTC: GLNCY) both mines nickel and recycles it from old batteries. Lundin Mining Corporation (TSX: LUN) (OTC: LUNMF) produces nickel and its byproducts in four countries. Cobalt 27 Capital Corporation (TSX.V: KBLT) (OTCQX: CBLLF) has invested in a nickel mine in Papua New Guinea that, like Indonesia, offers good access to customers in Chinese industry.
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About Pacific Rim Cobalt Corp.
Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. The company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. For more information, visit the company’s website at www.PacificRimCobalt.com.
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