CLA - Cobalt related news, page-69

Cobalt Miners News For The Month Of February 2018

Feb. 23, 2018 10:05 AM ET
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15 comments
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Includes: AEOMF, AMSLF, ARL, ARRRF, ARTTF, AZRMF, BANC, BHP, BKTPF, BRCSF, BRVVF, BXTMD, CBBHF, CBLLF, CMCLF, CO, COB, CSSQF, CTEQF, CU, CUZ, DRC, ECSIF, FCX, FQVLF, FT, FTMDF, FTSSF, GBLEF, GLCNF, GMRSF, HLPCF, HNLMF, IIDDY, KATFF, KBGCF, MCRZF, MLXEF, NDENF, NILSY, NZRIF, OZMLF, PANRF, PLM, PTNUF, RGARF, RNKLF, SHERF, SMMYY, SNNAF, TAKRF, TSLA, UMICF, UMICY, USCFF, VALE, WCTXF

Matt Bohlsen​

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Investment advisor, portfolio strategy, growth at reasonable price

MARKETPLACE​

Trend Investing​

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(9,101 followers)​

Summary

Cobalt spot price news - Cobalt spot prices unchanged from last month.
Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years."
Cobalt miner news - Australian Mines signs off-take agreement with SK Innovation for 100% of their nickel and cobalt production from Sconi.
This idea was discussed in more depth with members of my private investing community, Trend Investing.

Celsius Resources [ASX:CLA] [GR:FX8]
Celsius owns 100% of Opuwo Cobalt Pty Ltd, which in turn holds the right to earn up to 76% of the Opuwo Cobalt (sulphide) Project in Namibia. Mineralisation has already been intersected over a 15 km zone in the initial Celsius drilling program. The company has over 100 km of potentially mineralised strike.
On February 19 the company gave a cobalt resource drilling assays update which you can view here. Upcoming catalysts include a Q1 2018 initial JORC-compliant Mineral Resource report.
Australian cobalt miners compared by cobalt equivalent grade and contained metal


Source: GME Resources
Australian cobalt projects listed by resource size including grade
(Source: Ardea Resources)

Conclusion

Cobalt spot prices remain the same as last month as LME inventories fall only slightly.
My highlights for the month were:

• Oxford Economics. - "Surge in electric car sales applies strains global battery supply chain."
• "Apple in talks to buy cobalt directly from miners."
• ERG - "Cobalt boom ‘guaranteed’ for 7-10 years."
• Umicore - "Cobalt cannot be eradicated from electric car batteries."
• Australian Mines signs off-take agreement with SK Innovation for 100% of their nickel and cobalt production from Sconi.

https://seekingalpha.com/article/4149998-cobalt-miners-news-month-february-2018?page=2

Pretty good job by Matt, he broke it up into laterites and sulphides. Can't remember who reached out to Matt to get CLA in there, you know who you are, job well done!