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Global Satellite Bank grasps three-quarters of the world's cobalt resources to reshape the world's f

2018-09-25

Global Satellite Bank is the world's first Satellite Digital Bank. Based on Satellite Communication System and blockchain technology, Global Satellite Bank hopes to establish a global trading system with no national boundaries and no restrictions, promote the free exchange of assets in the world and achieve interconnection and interworking of finance.

Relying on its own strong strategic resources, Global Satellite Bank has invested in precious metals, and already grasped three-quarters of the world's disposable and circulated cobalt resources.


As a kind of rare resource, cobalt was originated from Germany and Norway in 1874, which is now widely used in producing cemented carbides because the cutter which contains a certain amount of cobalt can significantly improve the abrasive resistance and cutting performance of steel. But the super-cemented carbides with more than 50% of cobalt content will not lose its original hardness even if it is heated to 1000 ℃. Now, this kind of cemented carbide has become one of the most important material to make alloyed cutting tools. Meanwhile, cobalt is also an important raw material for high -quality pigments and medical applications.


Relying on the distributed banking service businesses on five continents, Global Satellite Bank grasps three-quarters of the world's cobalt resources through vertical and horizontal mergers and investments. Currently, about 65% of the world's cobalt output comes from Congo, Australia and Cuba. But the cobalt output of China, Canada and other countries is less than 10% of global output. The global cobalt output was about 120,000 tons in 2017. In the global economic field that the steel and new energy products are constantly innovated, the demand for cobalt which is a kind of rare resource shall not be underestimated.


Tonny, the responsible person, introduced that the global cobalt controlled by Global Satellite Bank is all originated from the source area, so as to fully protect the due profits of each client under the high value-added benefits of industrialization while getting low cost at the same time, namely, the profit brought by cobalt which is a kind of rare resource can protect the profits of each customer.


With strong strategic resources and support from international consortium, Global Satellite Bank will make greater progress in promoting the establishment of a universal digital asset system.