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Why Clean TeQ Holdings Limited is up 8% today

share price up

Clean TeQ Holdings Limited (ASX: CLQ) is rallying another 8% today to be up 54% in a year to $1.09. Presenting at the Macquarie Conference last week has led to a price gain of 14% for Clean TeQ, which provides raw materials such as Nickel and Cobalt. The company says that electric cars are driving significant growth in raw material demands, with China leading the race due to increased targets to lower emissions.

The company says that its Sunrise project, on track for delivery in June 2018, which produces Scandium used in the provision of “next generation lightweight aluminium alloys for key transportation markets” is one of the lowest cost producers in the industry.

Clean TeQ is traditionally an Australian technology company that specialises in water treatment and resource recovery. The company is now focusing on the recovery of strategic metals from ores and tailings by applying its proprietary Clean-IX ion exchange processes, which is more economical and environmentally sustainable.

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Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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