Yes the electric car is a big step forward and pioneers like...

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    Yes the electric car is a big step forward and pioneers like Tesla may not be around to see it come to fruition. Having said that, recent increases in cobalt price are not really due to specualtion about electric cars. It'smore likely that the increases are being driven by supply and demand, which are being driven by increased use of phone and other mobile devices with lithium/cobalt batteries. Unless there is a revolution in battery technology, cobalt is the key to meeting that demand. Even then, cobalt may be a significant component of any new battery technology. Either way, investment in stocks with cobalt resources makes sense, even if the car industry in USA is dumped by a trump-slump.
 
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