Cobalt Perfectly Positioned As Global Cobalt Demand Surges
NetworkNewsWire Editorial Coverage: Cobalt, a metal somewhat overlooked by investors, is a critical component of lithium-ion batteries used in mobile devices and essential for the operation of electric vehicles (EVs). The spot price of cobalt has experienced an increase of 150 percent since the start of 2016, largely as a result of the exponential growth in the adoption of mobile technology in emerging economies. However, the real surge in global demand for cobalt will come from the automotive industry as more countries turn away from fossil fuel-driven cars to electric vehicles. To make the most of this surge in demand,…