5 Best Cobalt Stocks To Buy For 2021

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In this article we discuss the 5 best cobalt stocks to buy for 2021. If you want to read our detailed analysis of the mining industry, go directly to 10 Best Cobalt Stocks To Buy For 2021.

5. Horizonte Minerals Plc (LSE: HZM.L)

Horizonte Minerals Plc (LSE: HZM.L) is a United Kingdom-based nickel development firm that owns mining rights in northern Brazil. The company has interests in gold, silver and other base metal projects as well, most of them in Brazil and Peru. The company has been primarily in the business of mining nickel but has now started to shift its focus to the production of cobalt as well. The firm said it has raised more than $18 million for new ventures in this regard. 

The company has a market cap of more than $127 million. In a pre-revenue report, the company noted that the effects of the coronavirus pandemic had continued into 2021 but it was hopeful that 2021 would be a more productive year for the firm. It also announced that it had achieved a $300 million senior debt facility to fund a mining project in Brazil. Horizonte Minerals is fifth in our list of top 10 best cobalt stocks to buy for 2021.

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