Eager for red-hot cobalt gains, investors think small: Reuters

Institutional investors hoping to profit from cobalt, this year's high-flying metal, are buying into companies that are smaller than their usual fare to gain exposure to an industry supplying the burgeoning electric car market, Reuters reported. Small cobalt-focused companies are mushrooming, mostly in Canada, a long-time hub for mining startups, but only one, Toronto's Cobalt 27 Capital Corp, concentrates entirely on the mineral. Cobalt 27, which in June raised $200 million in an initial public offering, the Toronto Stock Exchange's biggest mining IPO since 2012, is backed by Swiss mining private equity firm Pala Investments.

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