If you’re looking for a natural resource to be bullish on going forward, forget about gold, silver, or copper. The future is in cobalt.
Cobalt has many different uses. A radioactive form of the element is used to treat cancer. It is added to aircraft parts to help make them sturdier and less prone to failure.
It is also used in electroplating, which adds a layer of metal to specific parts to protect them, help them conduct electricity, or make them look better, depending on the circumstances.
Cobalt is also a primary input in lithium-ion batteries, an industry with long-term growth potential as we move into a greener world. Several high-profile companies are working on battery technology in North America, including Tesla and Apple.
And with the advancements in electronic devices, it will continue to be utilized in electronics for the foreseeable future.
Some day, bulls argue, we’ll all live off the grid using nothing but the sun’s rays…
