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FTSSF - Why These Lithium And Cobalt Companies May Be The Ultimate Contrarian Play
Electra Baterry Materials Corp Com
Lithium and cobalt companies are a hidden gem in the mining sector. Lithium and cobalt, along with nickel, are the primary metals used in most modern batteries. 42% of the world's cobalt production goes toward the creation of Lithium-ion cell batteries.
According to the Cobalt Institute, lithium-ion batteries have higher energy density than other battery types and are used in laptops, smartphones, medical devices, and electric vehicles, in addition to having a number of other industrial applications. Needless to say, the need for lithium and cobalt won't be diminishing anytime soon.