InvestorChannel.com’s Cobalt (Co) Watchlist highlights this Critical Material’s Top 5 Performers-of-the-Day from the capital markets. Selected by the InvestorIntel.com team, follow 20 cobalt company stocks for market trends as the electric vehicle (EV) industry demands apply pressure on this hard-to-find and ethically sourced element.
Long used in alloys, pigments and colorings, cobalt is a key component of lithium-ion batteries critical to EV manufacturing. It is predicted that that cobalt-bearing batteries will account for over 80% of total battery installations in EVs over the next decade. And with China dominating 80% of the global market and dealing with explosive demands within their domestic market, the world is seeking new sources. Produced as a by-product of copper and nickel mining, the majority of the rest-of-the-world’s cobalt production being extracted from the Democratic Republic of the Congo (DRC) and Zambia.
Published at market close daily on InvestorChannel.com, the Investor Channel Watchlists cover over a dozen key market sectors and engage investors daily through data-driven stock watchlists that follow the closing market price for 20 companies per sector. Distributed by InvestorIntel.com and powered by Moovly Media Inc. (TSXV: MVY), the Investor Channel Watchlists are a vital daily resource for the busy investor seeking growth trends. Bookmark and subscribe now. For more in-depth coverage and analysis of the cobalt sector, go to InvestorIntel.com.
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