Is cobalt a good investment?

Cobalt production has been a promising investment in recent years. However, like any other commodity, cobalt prices can be highly volatile. Additionally, since cobalt is a byproduct, there aren’t really any pure-play cobalt stocks within the metal mining industry. Many cobalt stocks aren’t listed on a U.S. exchange.

Are cobalt stocks listed on a US exchange?

Many cobalt stocks aren’t listed on a U.S. exchange. One good option is buying shares of an international mining exchange-traded fund ( ETF) that invests more specifically in businesses involved in battery tech, such as the iShares MSCI Global Metals & Mining Producers ETF ( PICK 2.7%) or the Amplify Lithium & Battery Technology ETF ( BATT 1.67% ).

Should you buy a cheap cobalt stock?

This could be a good option for investors who are looking for a cheap cobalt stock and are willing to take a risk with a more volatile investment. Carpenter Technology Corporation is a manufacturing company based in Philadelphia that makes a wide range of metal alloy products, including cobalt.