Money

Should You Join the Cobalt Profit Party?

Much like its cousin lithium, the cobalt metal market is in the midst of a financial mania.

Only a year ago, leading analysts projected that cobalt would hit $16 per pound by 2020. Fast-forward to today, and the price of cobalt has soared over 145% to rise from about $11 per pound to $27 per pound in just over the past 12 months.

Investors who were savvy enough to buy cobalt-linked investments a year ago are sitting on a tidy profit.

The question today is whether latecomers to the cobalt party can replicate early investors’ success.

Click here to read the full article, “Should You Join the Cobalt Profit Party?


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