A drop in commodity prices has punished the holders of lithium and cobalt stocks. The future demand for these metals is all but guaranteed based upon the increasing adoption of electric vehicles and grid storage, yet the stocks of even the most promising lithium and cobalt companies are in a heavily oversold state.
Generally, the stock price of a mining company is tied to commodity they mine. This can be a good or a bad thing for up and coming explorers of metals. Lithium and cobalt have fallen out of favour for now, but another battery metal, Vanadium, is becoming the new market favourite.
Jubilee Metals Group Plc (LON:JLP) is a diversified metals recovery company with a focus on reprocessing of historical surface mine waste and materials. The Company has secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right (granted March 2017) to a primary PGM project in the Eastern Bushveld complex.
