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Looking for the best-performing cobalt stocks on the ASX? Here's a look at the three top gainers of 2021.

Cobalt prices have soared this past year, with investors paying more attention to this battery metal.

A large reason for cobalt’s bullish behaviour is that it is used to manufacture lithium-ion batteries, which power electric vehicles (EVs) — as demand for EVs continues to rise, it's likely cobalt demand will remain strong too.

Currently the future of EVs looks bright — the market is growing quickly and is expected to boom over the next decade. In the first half of 2021 alone, EV sales ballooned by 160 percent, and by the end of the year, a total of 15 countries had announced measures to begin transitioning toward an all-electric future.


The three top cobalt-producing countries worldwide are the Democratic Republic of Congo, Russia and Australia — the last of which is investing in ramping up its production of the metal.

With that in mind, which Australian cobalt miners gained the most value in 2021? Read on to learn more about the three best cobalt companies on the ASX by year-to-date share price gains. All information was obtained on December 30, 2021, using TradingView's stock screener.

1. Jervois Global

Year-to-date gain: 63.89 percent; current share price: AU$0.59

Jervois Global (ASX:JRV) is best known for its Finland operations, which produce cobalt for chemical, catalyst, pigment, powder metallurgy and — most significantly — battery applications. The company is currently in the process of launching its new Idaho Cobalt Operations (ICO) and is on track to become the first US cobalt miner.

On December 15, Jervois announced an update on ICO, saying first ore is expected in August 2022, with sustainable production expected by December 2022. The estimated capital expenditure required to stay on schedule has risen to US$99.1 million, up from US$92.6 million, with mine engineering 64 percent complete.

2. Cobalt Blue Holdings

Year-to-date gain: 177.78 percent; current share price: AU$0.50

Cobalt Blue Holdings (ASX:COB) is a rare cobalt-only company, and defines itself by its planned ethical and sustainable extraction and production processes. The firm's flagship New South Wales-based Broken Hill project is slated to produce an average of 3,500 to 3,600 tonnes per year of cobalt once in operation.

In December 2021, Cobalt Blue Holdings announced it has executed a memorandum of understanding with the State of Queensland, acting through the Department of Resources, to assess opportunities for the recovery of cobalt (as well as any coexisting base and precious metals) from mine waste.

3. Australian Mines

Year-to-date gain: 31.25 percent; current share price: AU$0.21

Australian Mines (ASX:AUZ) is aiming to supply metals to the growing EV industry, with a focus on ethical and sustainable production. Its flagship Queensland-based Sconi nickel-cobalt project boasts a mine life of over 30 years and will be capable of processing 2 million tonnes of ore annually.

In late October, Australian Mines reported on its quarterly activities, including an agreement for Korea-based LG Energy Solution, a top global producer of EV batteries, to buy 100 percent of the Sconi project’s nickel-cobalt hydroxide output over an initial six year term. The future agreement indicates that LG Energy Solution will buy a projected 7,000 tonnes of cobalt from Australian Mines over the six year period.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Isabel Armiento, hold no direct investment interest in any company mentioned in this article.

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Highlights: – Former Xstrata plc executive, Mr. Ian Woolsey, has joined Jervois as Group Manager Information Technology – Mr. Woolsey will lead the IT integration of Freeport Cobalt in Finland, Idaho Cobalt Operations in the United States and the São Miguel Paulista nickel-cobalt refinery in Brazil – Mr. Woolsey joins Jervois after more than 10 years with Glencore Xstrata where he led the IT integration of major …

(TheNewswire)

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AustralianSuper announces that it acquired 47,534,965 ordinary shares in the capital of Jervois Mining Limited on 27 October 2020 and a further 13,120,773 Shares on 3 December 2020 such that immediately following the second acquisition, AustralianSuper held a total of 108,450,700 of the issued and outstanding Shares in Jervois. The Shares were acquired pursuant to private placements by Jervois to institutional and …

AustralianSuper announces that it acquired 47,534,965 ordinary shares (“Shares”) in the capital of Jervois Mining Limited (ASX: JRV) (TSXV: JRV) (“Jervois”) on 27 October 2020 and a further 13,120,773 Shares on 3 December 2020 such that immediately following the second acquisition, AustralianSuper held a total of 108,450,700 (or approximately 13.71%) of the issued and outstanding Shares in Jervois.

The Shares were acquired pursuant to private placements by Jervois to institutional and sophisticated investors. The average purchase price per Share was AUD0.305/ CAD0.29 for an aggregate total purchase consideration of AUD18.5 million/ CAD17.6 million .

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HIGHLIGHTS: -James May becomes Jervois’ CFO after almost 15 years in leadership roles with Rio Tinto -Mr May’s most recent role in Rio Tinto was as Interim Vice President, Sales and Marketing for the Energy & Minerals portfolio, based in Singapore -Mr May was also previously the CFO of Energy Resources of Australia Limited, an ASX-listed uranium miner, majority owned by Rio Tinto -Mr May also worked in various …

(TheNewswire)

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Which ASX technology stocks performed the best in 2021? Here’s a look at the five top ASX technology stocks by share price performance.

Australia is home to a thriving tech sector with fresh investment opportunities emerging across a variety of subsectors, such as gaming, fintech, healthcare and cleantech.

The technology sector currently contributes about AU$167 billion to the Australian economy, according to research commissioned by the Technology Council of Australia. This figure has increased by 79 percent from 2016, representing a growth rate that is more than four times that of most industries. In fact, the tech sector is the third largest economic sector in Australia, behind mining and finance/insurance.

Unsurprisingly, many tech stocks on the ASX have performed well in this landscape.


Below the Investing News Network profiles the five best ASX technology stocks in terms of share price performance in 2021. Data for the companies was gathered on December 31, 2021, using TradingView’s stock screener, and all of the best ASX technology stocks listed had market caps above AU$10 million at that time.

1. Novonix

Market cap: AU$4.45 billion; year-to-date gain: 659.5 percent

The first of the best ASX tech stocks on this list is battery technology company Novonix (ASX:NVX), which specializes in developing battery testing equipment for the worldwide lithium-ion battery market. The company was spun out from Dr. Jeff Dahn’s lab at Dalhousie University; Dr. Dahn is one of the pioneers of the lithium-ion battery.

While not yet a revenue generator, the company has benefited from the explosive growth expected out of the fast-moving global electric vehicle (EV) industry.

In December, Novonix announced preliminary results from an environmental impact study; they show the company’s synthetic graphite EV and energy storage system (ESS) battery anode product offers an approximate 60 percent decrease in CO2 emissions, potentially making it “2.5 times better for the environment than Chinese synthetic graphite EV and ESS battery anode material,” as per the Market Herald.

2. Oneview Healthcare

Market cap: AU$114.57 million; year-to-date gain: 488.89 percent

Oneview Healthcare’s (ASX:ONE) interactive software platform offers digital tools to healthcare providers, patients and families to improve point of care outcomes.

This past spring, the global healthcare tech company launched its cloud-based care platform. “Deployed on Microsoft Azure, this platform enables health systems to quickly adopt technology for engaging patients, reducing non-clinical demands on care teams and optimising clinical and operational effectiveness,” notes a press release.

Oneview has signed a number of contracts for the use of this platform, including with Omaha’s Children’s Hospital and Medical Center, Northern Health in Melbourne and Kingman Regional Medical Center in Arizona. In late November, Oneview raised AU$20 million in a private placement with plans to use the funds to further product development, scale its cloud enterprise and strengthen its balance sheet.

3. Emyria

Market cap: AU$105.86 million; year-to-date gain: 318.48 percent

Emyria (ASX:EMD) is a healthcare technology company that specializes in data-backed drug development and operates a network of medical clinics. Using proprietary clinical evidence, the company develops registered treatments for underserved medical needs.

Emyria’s current drug development programs center on cannabidiol (CBD) medicines for mental health, CBD/THC treatments for irritable bowel syndrome and MDMA treatments for post-traumatic stress disorder.

In late November, one of Australia’s largest private investment groups, Tattarang, made a AU$5 million investment in Emyria, which will help the company further advance its drug development work.

4. PlaySide Studios

Market cap: AU$445.38 million; year-to-date gain: 139.13 percent

PlaySide Studios (ASX:PLY) develops mobile games, virtual reality, augmented reality and PC games. The company’s portfolio consists of 52 titles, including original intellectual property games, as well as games developed with the worlds’ largest studios, such as Disney (NYSE:DIS), Warner Bros and Nickelodeon.

PlaySide Studios is Australia’s largest publicly listed gaming technology company, and following its 2020 initial public offering, it generated revenue of AU$10.88 million for the 2021 fiscal year. In November, the company inked a landmark deal with 2K Games, a label of Take-Two Interactive Software (NASDAQ:TTWO).

In the last weeks of 2021, PlaySide signed a number of deals, including a contract with Shiba Inu Games and a partnership with One True King to co-develop a PC-based game, which will also provide access to One True King's 21 million global followers.

5. Universal Biosensors

Market cap: AU$175.98 million; year-to-date gain: 127.59 percent

Last on this list of best ASX tech stocks is medical device technology company Universal Biosensors (ASX:UBI), which develops, manufactures and commercializes diagnostic testing systems for point-of-care providers and at-home use. It has products for blood glucose monitoring, coagulation testing, immunoassays and molecular diagnostics.

“UBI’s biosensor technology platform has been used to deliver more than 10 billion diagnostic tests to patients worldwide generating billions of dollars in sales,” states a company presentation. “We have licensed and partnered new technology and new biosensors with global applications.”

In November, Universal Biosensors signed a three year master collaboration agreement with Mayo Clinic Biopharma Diagnostics. The deal includes work on Universal Biosensors’ Tn antigen cancer biosensor. In late December, the company entered into a global exclusive license agreement with IQ Science for the commercialization of a SARS-CoV-2 N-protein detection test that will use Universal Biosensors' proprietary electrochemical strip and device technology.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Australia’s tech sector is making headway on an international level. Learn about the Australia tech outlook and what’s next in the country.

Australia’s technology sector is garnering attention with advancements in fintech, cleantech and gaming, among other exciting industries.

The country’s characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. As economies worldwide face uncertainty, Australia’s job market continues to defy global trends.

In fact, as COVID-19 restrictions were lifted, Australia’s employment level rose by a record 366,100 jobs in November 2021, surpassing projections of a 205,000 turnaround, as per a Reuters report.


Australia tech outlook: Strong international players

With Australia’s strong economy in mind, companies at an international scale have been securing footholds in the country’s technology market in recent years.

For instance, Japanese tech conglomerate Softbank (OTC Pink:SFTBY,TSE:9984) began investing in Australia in 2016 via the acquisition of AI and robotics firm ST Solutions. ST Solutions' flagship robot, Pepper, can greet customers in 21 languages using emotional response analytics. Pepper is at the forefront of Softbank’s robot initiatives.

Similarly, in April 2019, Google (NASDAQ:GOOG) launched its inaugural commercial drone delivery system in North Canberra, Australia. The service — called Wing — delivers food, coffee and retail items by drone to residences. Orders are placed through a mobile app.

More recently, Google announced plans to invest AU$1 billion in Australia over the next five years, including in tech startups and a regional research hub in Sydney. "Australia can help lead the world's next wave of innovation, harnessing technology to improve lives, create jobs, and make progress," Google CEO Sundar Pichai said.

Some of the biggest names in global tech are also taking positions in Aussie-grown tech startups. In May 2020, Chinese gaming and social media firm Tencent Holdings (OTC Pink:TCHEY,HKEX:0700) bought a 5 percent stake in Australian buy now, pay later company Afterpay (ASX:APT,OTC Pink:AFTPF)

As these large tech companies invest in Australia, tech unicorns (startups with valuations of more than a billion dollars) have garnered attention. According to CB Insights, there are currently six Australian unicorn tech companies: Canva, Culture Amp, Judo Capital, Safety Culture, Go1, Pet Circle and Airwallex.

Design startup Canva is estimated to be worth US$40 billion. It has over 60 million monthly active users, and 85 percent of Fortune 500 companies use its services, including Salesforce (NYSE:CRM) and PayPal (NASDAQ:PYPL). In May 2019, it acquired both Pexels and Pixabay, broadening its stock photo subscription model service. After securing US$200 million in funding in September 2021, the company has plans to double its workforce.

Australia tech outlook: Top tech trends

As mentioned, Australia’s current tech ecosystem is largely underpinned by the country’s advancements in three core sectors: fintech, cleantech and gaming.

According to Deloitte, the fintech sector in Australia is both maturing and scaling at a steady clip, making it ripe for investment. In its Technology Fast 50 2020 report, the firm highlights Half Dome, My Plan Manager and Autoguru as the top technology companies in Australia. For its part, EY reports that 58 percent of Australians used fintech applications in 2019, with the adoption rate rising 27 percent since 2017.

When it comes to cryptocurrencies, another part of the fintech landscape, Australian exchanges CoinJar and Coinspot allow users to buy and sell digital assets. In August 2019, the Gemini exchange also launched its services in Australia, offering users the ability to exchange bitcoin, bitcoin cash, zcash, litecoin and ether. A December 2021 EY report states that the country is on track to see its crypto market swell to up to 30 times its current size by 2030.

Emerging as a leader in the cleantech sector, Australia is making strides in renewable energy technology, such as wind and solar power, as well as energy storage. In early 2019, Melbourne began using wind to power 100 percent of its municipal infrastructure, such as universities, town halls and street lights.

In Queensland, Genex Power began construction of its 250 megawatt Kidston pumped hydro project in 2021. The company secured a government loan of up to AU$610 million to move the project forward. Meanwhile, as part of a 10 year deal, members of the Melbourne Renewable Energy Project will purchase 88 gigawatt hours of wind power annually from Pacific Hydro; the deal has resulted in the creation of nearly 150 new jobs. Fast Company notes that this new business model has spurred renewable energy contracts from several large corporations in Australia.

As Australia makes formative moves in renewable energy, it is also showing explosive growth in the gaming and esports sectors. PwC expects revenue for Australia’s games and esports market hit AU$3.41 billion in 2020.

Australia is home to a number of ASX-listed esports companies, including: Esports Mogul (ASX:ESH), Emerge Gaming (ASX:EM1), iCandy Interactive (ASX:ICI), Kneomedia (ASX:KNM,OTCQB:KNEOF) and SportsHero (ASX:SHO,OTC Pink:NIROF). Further expanding the esports investment opportunities in Australia, the ASX now has an esports-focused exchange-traded fund, the VanEck Vectors Video Gaming and Esports ETF (ASX:ESPO).

As the esports sector continues to expand, it has attracted international partnerships. In 2018, Riot Games, publisher of League of Legends and Valorant, partnered with the Australian Football League and brought an esports event to the Margaret Court Arena in Melbourne, a stadium that seats 4,000. In the summer of 2020, Ubisoft Australia extended its partnership with XP Esports Australia for seasons two and three of the XP Women’s League, as well as the new High School League Rainbow Six competition.

In 2022, Australian esports fans can look forward to the country's first DreamHack festival, an international immersive gaming lifestyle experience first launched in 1994. The three day event will take place in Melbourne, and will feature professional tournaments, as well as “the biggest range of e-sports and gaming content ever seen at an Australian festival," reported Esports Grizzly.

Australia tech outlook: What’s ahead

Looking ahead, PwC expects the Australian gaming and esports market to reach AU$4.9 billion by 2025. The forecasted growth is attributed to app-based games and in-app purchases in a market saturated with smartphone ownership and improved monetisation strategies for increased revenue from mobile games.

Deloitte has made several predictions for the future of tech in Australia. The major sectors the firm sees leading the way forward include on-demand video streaming services, gaming consoles, semiconductor chips, fixed wireless access, private 5G and wearable medical devices.

For its part, the Tech Council of Australia states that the number of workers in the country’s technology field will increase by 286,000 between 2021 and 2025 to reach over 1 million employed in the industry.

It's clear that the capital markets recognised this growing demand early on. In mid-2019, ABC News reported that the ASX was aiming to become an epicentre for tech listings, and over the past few years it has focused on recruiting more late-stage tech companies to access greater pools of capital.

Underscoring this growth are key economic factors. Australia’s economy is recovering from COVID-19 lockdowns. According to the Organisation for Economic Co-operation and Development (OECD), “as the recovery continues, labour market conditions will improve and spare capacity will be absorbed.” The OECD is calling for real gross domestic product to grow by 3.8 percent in 2021, 4.1 percent in 2022 and 3 percent in 2023.

What’s more, the wave of initial public offerings (IPOs) that swept Australia’s tech industry in late 2020 continued throughout 2021, with newly listed companies such as Airtasker (ASX:ART) and PEXA (ASX:PXA) amassing initial valuations of AU$255 million and AU$3 billion, respectively. Tech listings are expected to underpin IPOs on the ASX in 2022, and are anticipated to include buy now, pay later business Beforepay, marketplace technology firm Marketplacer and healthcare technology business Careteq.

This is an updated version of an article first published by the Investing News Network in 2019.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.