Canadian Small Cap Could Benefit From Global Investor Scramble For Cobalt

A recent article in the Globe & Mail highlighted LiCo Energy Metals Inc. (TSXV:LIC).
As quoted in the article:

Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis.

Prices for cobalt metal have climbed nearly 50 per cent since September to five-year peaks around $19 a lb as stricter emissions controls boost demand for electric vehicles, especially in China, struggling with ruinous pollution levels in some cities.

Consultants CRU Group say electric car and plug-in hybrid vehicle sales could hit 4.4 million in 2021 and more than six million by 2025, from 1.1 million last year.

Canadian small-cap LiCo Energy Metals, which is exploring for materials used in lithium-ion batteries, could appeal to investors looking for exposure to reliable sources of cobalt from a politically stable country.

Global total demand for cobalt last year was around 100,000 tonnes, of which around half was used in batteries to power electric cars, as well as mobile phones, laptops, digital cameras and cordless drills.

Connect with LiCo Energy Metals Inc. (TSXV:LIC) to receive an Investor Presentation.