Glencore is one of the world’s leading producers of cobalt. They state Cobalt is an essential commodity used in electric vehicle batteries. Glencore present stock price $13.09 From Glencore's website.."Cobalt looks set to become one of the most important commodities in delivering the electric vehicle revolution"
Cobalt free batteries exist and the largest players in the battery business are spending fortunes on cobalt alternatives, like manganese.
I think they will all be trying to innovate and to be as environmentally friendly as possible but can still see this being used and the price going up tbf
Here's an interesting article I read last year about this. https://elitetrader.com/et/threads/which-way-metals.353582/page-11#post-5412995 I'd imagine it's still a ways off, so yeah, Cobalt should remain a pretty hot commodity for awhile at least. Russia has a bunch. Go figure huh. You know China will be buying as much as they can get.