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 investorsâ?? success.