Cobalt’s Luck Could Come From Volkswagen, Glencore Troubles

One side-story to the biggest headlines in corporate #Europe, #Glencore PLC and #Volkswagen AG, is a minor metal called #Cobalt.

Some analysts believe that the price of this metal, used in #Phones and #CarBatteries, will rise when beleaguered commodity’s giant Glencore closes down mines responsible for 5% of global supply as it seeks to cut costs. And some investors are betting that increased demand for #ElectricCars in the wake of the Volkswagen emissions scandal will also boost cobalt.
Read more at: http://www.nasdaq.com/article/cobalts-luck-could-come-from-volkswagen-glencore-troubles-20151005-00700#ixzz3nmd8gemQ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s