In 2021, Vale produced over 2,500 metric tons of Cobalt. While those are the biggest parts of its business, it is also engaged in the production of manganese, copper, kaolin, and yes, cobalt. is the largest producer of iron ore and nickel in the world. Valeīrazilian multinational mining company Vale S.A. This will certainly be one of the top cobalt mining companies to watch if it can maintain its revenue growth. Which is a strong recovery from the net loss of $1.9 billion suffered in 2020. Most of this production is a by-product of its Katanga and Mutanda copper mines.Īccording to Glencore’s 2021 annual report, its revenue for the year was $203 billion and its net income was just under $5 billion. That accounts for significant portion of global production. The Anglo-Swiss multinational produced 20.7 kt of cobalt across Q1 and Q2 2022.
Glencore, is an obvious choice here as it is one of the largest producers of cobalt in the world. You’ll see why they are some of the top cobalt shares on the market today. Let’s take a closer look at each of these stocks. These five cobalt mining stocks are already leading the way: Top 5 Cobalt Stocks to Add to Your PortfolioĬobalt production will need to scale up to meet the growing demand in EVs. This list will take a look at some of the best cobalt stocks to buy today as the EV race continues to heat up. With an increase in demand comes opportunity, both for companies and investors. Thus, cobalt output should also increase in the years ahead. And as EV production grows, so, too, will lithium-ion batteries. Its primary use is in lithium-ion batteries, which are used in electric vehicles (EVs). While cobalt is nothing new, it will be more in-demand in the coming decades. Cobalt is a metallic chemical element found in the earth’s crust.
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