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$SCTFF #5 Cobalt Prices To Rocket As Tesla And Apple Scramble For Supplies

http://oilprice.com/Energy/Energy-General/Cobalt-Prices-To-Rocket-As-Tesla-And-Apple-Scramble-For-Supplies.html

here’s a new metal in town, and it’s bigger than lithium—and hotter than any other commodity on the market right now.

Supply is fantastically tight and set to get phenomenally tighter.


#3 Smart Acquisition in America’s Most Prolific Cobalt Trend

Scientific Metals (TSX:STM.V; OTC:SCTFF) in September entered into an agreement to acquire an amazing cobalt property, Iron Creek, right in the heart of the Idaho Cobalt Belt. This is the most prolific cobalt mineralization trend in the entire United States.


They scooped up property that has already seen a substantial amount of historical exploratory work that includes 30,000 feet of diamond drilling. Iron Creek has a historic resource of 1.3 million tons grading 0.59 percent of cobalt with encouraging indications of up to 10 million tons.
The 1 Resource Stock To Own Now

This small company could be one of the biggest winners of the electric car boom as tech giants and hedge funds fight over the limited supply of Cobalt.

And right next door they have the only cobalt mine in the U.S. that is slated to come into production--and it’s got an estimated 3 million-plus tons of cobalt.

This was a strategic move on a strategic commodity—and there has never been a better time for homegrown exploration. Safe and ethical cobalt is virtually non-existent, and Scientific Metals could be among the first to put the US definitively on the cobalt production map just as EVs and batteries hit feverish demand.

With more than half of the world’s entire cobalt supply ethically off-limits, Scientific Metals has the potential to become one of only two pure play cobalt companies in the United States. And the client list is only getting bigger, with companies like Apple (NASDAQ:AAPL), LG Chem and Samsung all under pressure over unethical cobalt.

This is a huge opportunity for a small-cap explorer to play a role in our definitive EV revolution.