3 Reasons to invest
Cobalt was only used as a colouring agent until the beginning of the 20th century, when alloys first incorporated cobalt. Today the main uses of cobalt are in “superalloys” and batteries.
Cobalt may face significant shortages in the future as the market for Cobalt has been steadily increasing, and the supply has not kept pace.
Cobalt prices have increased significantly over the past 12 months and are now breaking out to new 9-year highs. We feel that cobalt prices could have the same type of parabolic move like lithium has had. Similar dynamics that have driven lithium prices higher are present in cobalt, and that is why Cruz established itself at the early stages of this sector move by securing multiple high grade cobalt project.