Latitude 66 Cobalt Oy is an Australian-Finnish company founded in 2017 spezializing in mining and mineral production. The company’s goal is to start cobalt mines in Kuusamo and Posio in the coming years. The company was listed on the Australian Stock Exchange in 2024.
THE COMPANY´S WEBSITE
Latitude 66 Cobalt aim to start cobalt mines in Kuusamo and Posio in the coming years. The company wants to be in the centre of the Finnish cobalt cluster. Cobalt cluster includes mining, further processing of metals and hopefully also the battery industry in the future.
The change from internal combustion engines to electric engines is one of the key remedial measures in terms of the climate change. Cobalt is used as the main raw material for the battery types used by current electric cars.
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