Cobalt Could Benefit From Volkswagen, Glencore Troubles – Wall Street Journal

Posted: Tuesday, October 06, 2015

One side-story to the biggest headlines in corporate Europe right now, Glencore PLC and Volkswagen AG, is a minor metal called cobalt.

Some analysts believe the price of this metal, used in phones and car batteries, will rise when beleaguered commodities giant Glencore closes down mines responsible for 5% of global supply as it seeks to cut costs. And some investors are betting increased demand for electric cars in the wake of the…

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