How important is Cobalt to the Electric vehicle market?

mikeriley

mikeriley

Glencore is one of the world’s leading producers of cobalt.

They state Cobalt is an essential commodity used in electric vehicle batteries.

Glencore present stock price $13.09

From Glencore's website.."Cobalt looks set to become one of the most important commodities in delivering the electric vehicle revolution"


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I think they will all be trying to innovate and to be as environmentally friendly as possible but can still see this being used and the price going up tbf
 
mikeriley said:
Glencore is one of the world’s leading producers of cobalt.

They state Cobalt is an essential commodity used in electric vehicle batteries.

Glencore present stock price $13.09

From Glencore's website.."Cobalt looks set to become one of the most important commodities in delivering the electric vehicle revolution"


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Here's an interesting article I read last year about this.
https://elitetrader.com/et/threads/which-way-metals.353582/page-11#post-5412995
I'd imagine it's still a ways off, so yeah, Cobalt should remain a pretty hot commodity for awhile at least. Russia has a bunch. Go figure huh. You know China will be buying as much as they can get.
 
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