Celsius Resources Ltd .: a Safe Cobalt Supplier for Decades?
26.01.2018 | Hannes Huster
Political unrest in the DRC:
This has pushed the cobalt price to a new high. In the meantime, one tonne costs around 80,000 USD.
Even regional newspapers have reported this week on the cobalt emergency of carmakers and battery manufacturers.
Our Celsius Resources operates in Namibia. A country that is very strongly influenced by Germany and can, in my view, become one of the focal points for the German automotive industry.
Celsius will be at the forefront, as the company has an area of critical size that can become a reliable cobalt supplier over decades. I would buy now and not only when the next push comes!
I like the German connection with Namibia. They have been a bit slow off the mark with EV stuff but you would not want to underestimate the ability of their engineers to ramp up.
Think it doesn't hurt having the guys from Freiburg winging their way there (or they were scheduled to anyhow).
CLA Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
