What’s up everyone, we are beginning to see a surging demand for cobalt driving the hunt
for the mineral in Australia’s mine waste. Australia’s state and federal governments
are sending teams of geologists into the outback to scour mine waste for cobalt, as the country
seeks to diversify from fossil fuels to become an exporter of clean energy minerals, such as cobalt,
nickel and lithium. The country produces only 4 per cent of the world’s cobalt despite
having nearly 20 per cent of its estimated deposits, according to government figures.
And for the first time in 2021, EVs became cobalt’s largest end-use sector. And this is
important because, cobalt is a key component in lithium-ion batteries used in electric vehicles
and smartphones, and is generally found alongside copper and nickel deposits. While batteries can be
made without cobalt, its inclusion significantly increases efficiency. Three-quarters of EV
batteries made last year contained the metal, according to the Cobalt Institute.
So in this video, I bring you updates on three cobalt plays, two of which are Australian gems
for your watchlist. Given the demand outlook, you want to make sure you keep them on your radar
as one of those Australian gems already world-class partners with offtake
agreements and has clear plans to accelerate production going into 2024.
Also remember that a decent platform to trade stocks like lithium stocks, which are listed
on the OTC, the Canadian or the Australian Exchange is Interactive Brokers, which is a
low-cost & award-winning platform which allows you to trade over 135 markets. And what I REALLY like
about the IBKR platform, which you can see here from my portfolio is that, you can access some
of the top ev supply chain stocks, bought directly from different global markets with limit orders.
So if you need a platform with low fees, enabling you to trade globally
in challenging times like this, then you certainly want to checkout IBKR from my link below.
I’ve also partnered with the Wealth Research Group to bring you some of the best insights on hyper
growth stocks, with over 1000% potential through this FREE newsletter. I have deep respect for
their reports, given the level of deep research that goes into their work. So click on the link in
the top pinned comment or on the screen to grab your FREE copy of this report, which provides
you with hypergrowth stocks, which you need to be aware of right now. Again, that’s absolutely FREE!
That said please drop a quick like on the video and hit the bell, so we can get on with it with
our first stop and giant for you today, which is Glencore Plc (GLCNF & GLEN) which
is currently trading at close to 6 months lows of $5 per share with a market cap of $66.7bn.
Glencore being the giant that it is, is bound to be subject to plenty of volatility
given they hold other commodities as well which have been subject to market price sensitivity.
That said Glencore still has lots of benefits as a diversified holding, which makes it a very
strategic asset to have. Here’s the latest from Glencore wrt to their cobalt holdings.
Glencore and General Motors entered into a multi-year cobalt supply agreement,
where Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The
cobalt processed from Australia will be used in GM’s Ultium battery cathodes, which will
power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV, and Cadillac LYRIQ.
The agreement builds on a commitment both companies share to create strong, sustainable,
and resilient supply chains, through collective industry and multi-stakeholder platforms. By the
end of 2025, GM plans to have capacity to build 1 million electric vehicles in North America, and
has announced a series of actions to create a new and more secure EV supply chain. How interesting.
Next up to our number 2 penny stock gem for your watch list here is Panoramic Resources
(ASX:PAN, OTC:PANRF) which is now sitting at 12cents per share with a market cap of $261m.
Panoramic is sitting down 36% ytd, having given up on most of its previous gains when it reached
highs of 28cents per share. So from its peak price which it hit in April, to where they are today,
they sitting more than 50% down, which I feel presents plenty of opportunities
given their accelerated plans in the pipeline to scale up production as early as 2023. You also
need to remember that you can only get it from Interactive Brokers platform from my link below,
as you can’t get these on Robinhood or Webull. So plenty in the tank for Panoramic Resources
once you get an understanding of what they’re about but certainly one to have on your watchlist;
so here’s what’s new with them.
Panoramic Resources Limited (ASX: PAN) is a company headquartered in Perth, Western Australia,
which owns the Savannah Nickel Project in East Kimberley.
Savannah has a 12-year mine life with clear potential to further extend this through
ongoing exploration. And the asset provides excellent leverage to the nickel, copper and
cobalt markets which are heavily linked to global decarbonisation and vehicle electrification.
Panoramic updated on their Savannah Commercial Production and FY23 Guidance.
They advised that commercial production had been achieved at the Savannah Nickel Project.
The achievement of commercial production from 1 April 2022, is an important milestone
for the project, following the first production of concentrate in October 2021.
The ramp-up of underground mining will continue throughout FY23
as the development of additional levels open up new areas for production, from Savannah North.
The Annual production from Savannah is forecast to increase in FY23 with the guidance of:
 6,600 – 7,100t of nickel in concentrate  400 – 500t of cobalt in concentrate
And they say their ramp is building momentum into 2023
and targeting achievement of nameplate capacity in FY24. How exciting is this?
Next up to our number 3 penny stock for your watch list here is Queensland Pacific Metals
Ltd (ASX:QPM) which is now sitting at AUS14cents per share with a market cap of $211m.
This is a pure-play ASX stock which is not on OTC. They are down 22% year
to day but are bouncing back nicely from their recent lows. Queensland Pacific is
Queensland Pacific Metals is an Australian company and the company is focused on
developing the 100% owned Townsville Energy Chemicals Hub (TECH) Project.
The TECH Project will be a modern and sustainable, battery metals refinery, which will
produce critical metals for the rapidly emerging lithium-ion battery and electric vehicle sector.
One of the things which stands out for me with QPM is their world-class partners where
Queensland’s major shareholders include global battery manufacturing leader, LG Energy Solution
and major Korean conglomerate POSCO, with whom they have secured binding offtake
agreements, for the sale of nickel and cobalt.
In LG Energy Solution & Posco where they have binding 7-year terms,
the agreement with LG Energy was for 7ktpa of Nickel and 700tpa of cobalt and with Posco
3ktpa of Nickel and 300tpa of cobalt, with pricing linked to the commodity prices at the
time of sale. They said of LGES is the most meaningful investment in their supply chain
for LG Energy Solution since the company spun out from LG Chem. They believe their TECH Project will
deliver sustainable nickel and cobalt production that is in line with LGES’ operating philosophy.
So some very very interesting and mindblowing prospects ahead for these stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation,
but is meant to bring some new and exciting stocks to your attention for you to do your
own research.. As always I would love to hear from you, so please let me know your thoughts on
these top stocks in the comments section below and what other stocks are catching your eyes lately.
And If you are new to my channel, please ensure to subscribe and hit the bell so you are notified
when I upload new videos. If you would like to see more videos like this, please check out this
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Thank you so much for being here and I look forward to have you in my next video. Thank you