Cobalt the next booming resource

Extract from article published on Investing News Network overnight

Cobalt does not usually get much attention from investors. Recent news about Tesla’s (NASDAQ:TSLA) and worldwide demand for lithium ion batteries has driven the price of lithium and the companies producing and exploring for the resource to new highs. However, analysts and experts have been looking at the battery supply chain so they can pick the next boom resource and many are betting on cobalt.
The basic battery commodities are lithium, graphite and cobalt, but very few companies are focused on mining the latter. It is typically a by-product of copper mining, with the largest production coming from Democratic Republic of Congo (DRC). Some reports suggest that this year 60 percent of the world’s cobalt supply will come from the DRC, which could be an issue for companies that want full visibility of their resource supply chain. The declining and volatile copper price is further impacting the supply of cobalt and is leading to specialist companies entering the market.

Full story at
http://investingnews.com/daily/reso...ting/cobalt-investing/cobalt-demand-forecast/