The cobalt and nickel are obtained directly from LME approved refiners and brokers, shipped to Singapore.
We purchase cobalt from Chinese suppliers located in China. We do not purchase any cobalt from the Democratic Republic of Congo.
We follow the LME Official Settlement Price for Cobalt as displayed on the LME website. The price of cobalt changes once every trading day, but sometimes there is no price change if there is no trading activity on the LME. If there is no trading on the market that day, the committee may also decides that the price remain the same as it was.
Cobalt and nickel drums are stored in a London Metal Exchange (LME) approved bonded warehouse in Singapore.
Yes, you can do so with an appointment. A parcel audit fee also applies as published on the Schedule of Charges.
As cobalt and nickel are stored in a bonded London Metal Exchange (LME) warehouse located in Singapore, when they are taken out for delivery there will be a 7% GST charged on the value of the cobalt or nickel. Thus, we highly do not recommend as it may not be cost effective to take out for delivery unless you wish to ship them out of Singapore.
EV cars allow transportation to move away from gasoline and to use much cleaner and cheaper alternate energy source which is electricity. By not using gasoline, the EV cars will not produce any carbon emission.
Yes, just like the precious metal parcels, EV metal parcels can be used as collateral in the P2P lending platform as long as they are stored within STAR Storage.
The miles per charge ratio depend on the battery and their chemistry. Most new EV cars will have at least 350 km (200 mile range) range and most will be higher.
Since you can charge the car in your garage with a slightly modified power outlet, the car will be fully charged in the morning and the electricity cost is typically only 20% of what gasoline would cost. It has been announced that Tesla will bring out a new roadster in 2019 with a 1,000 km (620 mile) range.