![]() | There's a new gold rush underway in northern Ontario, but the demand is for a metal that is used in everything from smart phones to electric cars. More than a dozen mining companies are staking out claims in Cobalt, Ontario as price of the mineral with the same name rises. The town of Cobalt is located along the Quebec border and is best known for the massive amounts of silver that were extracted a century ago. |
![]() Booming town of Cobalt, 1906 | A year and a half ago, a pound of Cobalt cost $10. Now it's more than doubled. Demand for the mineral is expected to double in the next 3-5 years.![]() | ![]() |