A Huge Stockpile of Cobalt Looms Over The Market
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The electric car industry runs on cobalt, a relatively rare metal whose supply is determined by more than just Mother Nature... and that's suddenly a real problem for cobalt miners.
A mine in the Democratic Republic of Congo has been stockpiling copper and cobalt since July because its China-based owner has been stuck in an argument with its local partner. Bloomberg reports the heap has grown to about $1.5 billion worth of metal, and although cobalt makes up the minority of that pile, it's casting a long shadow over the industry.
Source Fool.com
