Evening Wrap: ASX 200 goes out with a whisper but holds onto "important" weekly gain
Fri 01 Dec 23, 5:26pm (AEDT)
Cobalt is a hard, silvery metal used to make strong, corrosion and heat-resistant alloys and permanent magnents.
Congo accounts for approximately 70% of global cobalt production, followed by Russia. Australia has more than 16% of global cobalt resources but produces only 6% of supply, according to Cobalt Blue (2021).
Cobalt futures can be traded on the London Metal Exchange (LME).