Welcome to our latest stock picking contest focused on the notable "boom" in the cobalt industry!
Cobalt demand certainly seems set to rise significantly in the coming years, and in that context it’s interesting to look at where it comes from. The Democratic Republic of the Congo was by far the biggest producer in 2014, putting out 56,000 MT. China, which produced 7,200 MT, and Canada, whose production totaled 7,000 MT, were a far-away second and third.
Cobalt has been used by humans for thousands of years as blue coloring in pottery, glass and ceramics, but in recent years it’s gained popularity as a component of lithium-ion batteries.
However, it’s possible that other countries may come to the fore in the future.
This is a 9 week long contest that features $2,500 in prizes.
In the first 7 weeks, the top performer of each week will walk away with $250 cash.
The following two weeks are the Finale and the top 2 performers will each walk away with a prize (1st place = $500 / 2nd place = $250).
The rules are simple:
There are 4 companies in this contest that are the Stockpools Picks: American Manganese Inc. (AMY.V), Cobalt Power Group (CPO.V), Bankers Cobalt Corp. (BANC.V) and Boreal Metals Corp (BMX.V). These 4 companies will be default picks for all participants of this contest.
Pick 3 companies from the TSX, 3 from the CSE, and 3 from the TSX.V in addition to the Stockpools picks.
Rush for Cobalt, Lithium as Prices Stay on the Boil:
The Top 10 Reasons Investors Should Look at Cobalt: