Massive Cobalt Demand

TurningTides

Newbie
6 2
We all are aware that in order to have EV's we need to have cobalt. Sadly, there appears to be a massive shortage at the moment. I read that Tesla stuck a deal to acquire cobalt from Glencore ahead of future supply squeeze. The last time investors ran into a shortage, cobalt stocks exploded!! The issue with acquiring enough cobalt is that the largest producer is the Congo, provides about 70% of the worlds cobalt. Unfortunately, the Congo has a long history as an unstable country, making it difficult for EV manufacturers to acquire directly. In second place comes Canada, which could be perfect, as Canada doesn't have any stability issues. Hopefully we will be able to find our diamond in the rough. Could you pass up a potentially great opportunity for your own diamond in the rough?
 
 
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