Outdoor pollution is currently linked to 3 million deaths annually, and this pollution is costing the global economy a colossal $5 trillion per year.

In China, the smog mask industry is $600M already, but the real solution comes from reorganizing their car industry.

All the major car manufacturers are now shifting towards electric vehicles, and one mineral is what I call the “Urbanization Mineral.”

Without sufficient quantities of it, this global shift into electric vehicles will be extremely costly, and perhaps impossible.

Throughout the extensive time I dedicate to researching the natural resource sector, the one theme, going back centuries, is that when a new technology surfaces, along with changing preferences, a supply constraint and skyrocketing demand result in a unique type of environment for wealth creation.

In 2017, cobalt is that metal.

The energy requirement for EVs is expected to grow at 16% per annum until 2025, which translates to 75% to 78% of total cobalt production.

Tesla isn’t the only player in the EV market, because now Ford Motors is on board to produce 13 models. Porsche is creating a car, and GM is committed to electric Chevrolets, as well as all the major German manufacturers: Audi, BMW, Mercedes, and Volkswagen.

Over 50% of cobalt reserves are located in the African Copper Belt in the Democratic Republic of the Congo and Zambia.

Cobalt production is generally a byproduct of nickel and copper mines, with 60% of cobalt production coming from copper mining, an additional 38% from nickel operations, and only 2% from primary cobalt mines.