This is How Attractive Cobalt is Right NowPala Investments Ltd The Swiss mining fund, which began buying cobalt about a year ago in a bet on demand, plans to sell the metal to Toronto-listed Cobalt 27 Capital Corp. The Canadian firm, headed by Pala investment team managing director Anthony Milewski, plans to raise $200-million (Canadian) on the TSX Venture exchange (ticker KBLT) to purchase cobalt, including from the Zug-based fund.So far, Cobalt 27 has signed 13 purchase agreements and set up six royalty deals with exploration-stage miners looking to bring cobalt deposits online.Suppliers will sell on commercial terms in return for cash, equity or both, as Cobalt 27 just indicated in its prospectus.At spot prices of about $28 per pound for high-grade cobalt quoted by Metal Bulletin PL, $200-million would buy about 3,200 tonnes of cobalt, or about 3.5 per cent of global refined output.