Is cobalt blue a good stock to buy?

Cobalt Blue stock has been on an upward trajectory since August and just reached its record share price last April, but it still remains a penny stock. This could be a good option for investors who are looking for a cheap cobalt stock and are willing to take a risk with a more volatile investment.

Is Electra battery materials Corporation a cobalt penny stock?

Formerly known as First Cobalt, Electra Battery Materials Corporation is definitely a cobalt penny stock to watch out for. The company used to focus entirely on cobalt production and refinement. However, since its change to Electra, the company announced that it is expanding its strategic plan to provide battery-grade nickel and cobalt.

Is cobalt a good investment?

Driven by demand for lithium -ion batteries and electric vehicles (EVs), the cobalt market is thriving. After surprising to the upside in 2021, prices for the commodity stabilized in the first three months of 2022 and then took a breather in the second quarter. Even with this slowdown, experts have positive long-term expectations for cobalt.

Is Glencore a good cobalt stock?

This company’s growth potential is precisely why it’s on our list of the top cobalt stocks. Glencore is the largest cobalt producer in the world. The company has multiple mines in the Democratic Republic of Congo, as well as mines in Australia and Canada. This cobalt is produced as a by-product of Glencore’s nickel and copper mining projects.