Transcript: Name That Town: Cobalt | Nov 13, 2018

In animation, the name of the show appears. It reads "Name that town."

A map of Ontario shows the location of Cobalt.

The narrator says HERE'S HOW COBALT WAS NAMED
FOR A COMMON METAL
THAT'S NOW A HOT COMMODITY.

A black and white picture of a man with a moustache appears.

The narrator says THIS IS WILLET GREEN MILLER,
HE BECAME ONTARIO'S FIRST
PROVINCIAL GEOLOGIST IN 1902.
THE NEXT YEAR, MASSIVE MINERAL
DEPOSITS WERE DISCOVERED
IN NORTH-EASTERN ONTARIO,
NEAR THE TIMISKAMING
AND NORTH ONTARIO RAILWAY.
MILLER DECIDED TO NAME THE
NEW MINING CAMP,
"COBALT STATION."
COBALT WAS ONE OF THE METALS
FOUND IN THE GROUND THERE.
HISTORICALLY,
COBALT WAS USED TO GIVE A
DISTINCTIVE BLUE COLOUR TO
GLASS AND CERAMICS.
BUT THE PROSPECTORS WHO SOON
PILED INTO THE AREA,
WEREN'T THERE FOR THE COBALT.
THEY WERE AFTER SILVER.
THE RUSH THAT FOLLOWED
WAS A MILESTONE IN
NORTHERN ONTARIO'S
TRANSFORMATION INTO
A MAJOR MINING HUB.
BY 1910, THE TOWN OF COBALT
RANKED 4TH IN THE WORLD
FOR SILVER PRODUCTION.
DURING THIS BOOM, THE COBALT
PRESENT IN THE ROCK WAS...
WELL, KIND OF A DRAG.
IT MADE SMELTING AND REFINING
THE SILVER MORE DIFFICULT.
COBALT'S SILVER PRODUCTION
PEAKED IN 1911,
AFTER THAT, THE BOOM TIMES
BECAME A DISTANT MEMORY.
WHILE SILVER STAYED IN THE
POPULAR IMAGINATION
AS A PRECIOUS METAL,
COBALT WAS...
LET'S FACE IT,
MOSTLY FORGOTTEN.
SURE IT WAS AN INGREDIENT
IN SOME BATTERIES
AND USED IN SOME
INDUSTRIAL EQUIPMENT,
BUT IT WOULD BE A
STRETCH TO SAY
COBALT CAPTURED
ANYONE'S IMAGINATION.
UNTIL TODAY.
BETWEEN 2016 AND EARLY 2018,
THE PRICE OF COBALT ROSE
NEARLY 300 PERCENT.

A graph appears showing the growth of the price.

The narrator says THAT'S A LOT OF GREEN,
NO MATTER WHERE YOU'RE FROM.

A dollar bill and a pound bill appear.

The narrator says WHY THE SURGE IN PRICE?
ELON MUSK.

A picture of a brown-haired middle-aged man appears.

The announcer says WELL, MORE TO THE POINT.
THE HIGH-PERFORMANCE BATTERIES
IN ELECTRIC CARS
MADE BY MUSK
AND OTHER AUTOMAKERS.
THOSE BATTERIES NEED COBALT.
LOTS OF IT.
MINING COMPANIES ARE SUDDENLY
TURNING THEIR ATTENTION BACK
TO THOSE OLD, ABANDONED MINES
NEAR THE TOWN OF COBALT.
IT'S BELIEVED THAT LARGE
DEPOSITS OF THE
ONCE UNWANTED METAL ARE STILL
IN THE GROUND THERE.
TIME FOR A NEW
MINING BOOM, ANYONE?

(explosion)

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