Mines: Because cobalt is normally a byproduct of nickel and copper mining, the mines that a company owns or invests in are one of the most important factors for a cobalt stock.
Who is the world's largest cobalt-producing mining company?
1. Glencore (LSE:GLEN,OTC Pink:GLCNF) Total production: 25,320 MT Glencore is the world’s largest cobalt-producing mining company by a long shot, achieving estimated total production of 25,320 metric tons (MT) in 2021.
Why should investors learn about Cobalt stocks?
Cobalt is a byproduct of nickel and copper mining. In recent years, cobalt has taken its place as one of the world’s most sought-after commodities due to its use in semiconductor chips and the lithium-ion batteries used in electric vehicles (EVs), smartphones and other electronic devices. That's why investors should learn about cobalt stocks.
