#Cobalt: Are You Ready for the Blue Gold Rush?
The rising cost of #Cobalt is pushing companies to find ways to reduce reliance on the mineral. However, getting to a point where batteries do not need a lot of cobalt is between five and 10 years away, so the window for upside is there. Mining companies certainly seem to think so, anyway: miners in #Europe, North #America, and #Asia are starting to chip away at the hegemony of #Chinese and Congolese cobalt. While #China leads the world as a refined cobalt producer, the DMC supplies 60% of global cobalt.
Read more at: https://www.fool.ca/2018/07/29/cobalt-stocks-are-going-to-soar-are-you-ready-for-the-blue-gold-rush/