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.

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