best cobalt stocks

5 Best Cobalt Stocks to Buy in January 2022 – Green Energy Play

The following guide covers the Best Cobalt Stocks to Buy in 2022.

The best cobalt stocks to buy are WPM, GLNCY, CRS, and others found in this list.

Some of these options can be considered very Undervalued Stocks that could provide major returns and help investors make money from this rare commodity!

This guide is very similar to our other commodity lists of Best Lithium Stocks and Best Uranium Stocks.

While Robinhood is the most used brokerage for trading cobalt stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.

Prior to diving into the best cobalt stocks, it’s important to understand what a cobalt stock is and the risks associated with investing in them.

What is a Cobalt Stock?

A cobalt stock refers to the stock of a company that is involved in the business of mining cobalt or producing products made from cobalt.

In conjunction with Lithium, Cobalt has become increasingly popular due to due to the booming electric vehicle (EV) industry.

This rare commodity plays a major part in the production of batteries needed to power these electric vehicles.

cobalt stocks

Especially with more “green” initiatives globally and the transition towards environmentally-friendly automobiles, cobalt is one of the most prized commodities available.

Therefore, having cobalt stocks in your portfolio early on has the potential to earn massive rewards for investors.

The same can be said for those invested in carbon capture technology and nuclear energy stocks.

The video below dives into cobalt and explains why companies are scrambling for this commodity. This even includes Elon Musk’s praised Tesla company.

 

Important: Before investing in cobalt stocks, it’s important to understand the risks and commonalities of cobalt stocks.

Investing in individual cobalt stocks is not one of the top traits among the world’s best investors. In fact, the best investors are actually dead:

Best Investors are Dead – Fidelity Study

Some of the main risks with investing in certain cobalt stocks include the following:

  • High volatility – individual stocks
  • Government regulations
  • Lack of transparency on the true supply of physical cobalt
  • Unproven businesses
  • Lack of liquidity

While there are several risks, it is still very possible for investors to make money from cobalt stocks through share appreciation.

While there are several risks, it is still very possible for investors to make money from cobalt stocks through share appreciation.

The same can also be said for 5G Penny Stocks and other promising companies who file for Initial Public Offerings (IPOs).

Best Upcoming IPOs to Buy

Below you will find a complete list of the best cobalt stocks to buy in 2022.

Legal Disclaimer: All content on this website is for informational and educational purposes only. Those contributing to Wealthy Diligence are not licensed financial advisors, tax planners, real estate agents, or legal professionals. Each visitor shall be solely responsible for the decisions they make.

Best Cobalt Stocks to Buy – January 2022

I recommend bookmarking this page to keep you up to date on the Best Cobalt Stocks to Buy in 2022. This page is updated Weekly for your reference.

The following list was last updated on Wed, Jan, 26, 2022

As of this writing, all cobalt stocks listed below are currently available for trading on Robinhood and other brokerages.

This is similar to our list of Best Sports Betting Stocks and Robinhood Dividend Stocks.

The best cobalt stocks below are ranked based on the following criteria:

  • Historical Performance
  • Market Cap
  • Company Outlook
  • Capital Management & Leadership
  • Average Volume

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best cobalt stocks wheaton precious metals

1. Wheaton Precious Metals (WPM)

Wheaton Precious Metals (WPM) is a Vancouver-based mining company that tops of our list best cobalt stocks. They engage in the sale of precious metals like silver and cobalt production.

This company touts a market cap of over $18 billion and has yielded a return of over 78 percent in the past 5 years for its investors!

wheaton precious metals

Market Cap: $18.62B

Average Volume: 1.79M

best cobalt stocks glencore

2. Glencore (GLNCY)

Glencore (GLNCY) is involved in the production and marketing of mineral, metal, and energy commodities like cobalt.

The market cap of this company towers over $65 billion and has generated returns of over 59 percent over the past five years.

glencore

Market Cap: $65B

Average Volume: 377.13K

best cobalt stocks freeport-mcmoran

3. Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan (FCX) is another mining company based in Phoenix that specializes in mining cobalt, copper, gold, and molybdenum.

This business has a market cap exceeding $57 billion and has yielded a share price return of over 246 percent in the past 5 years!

freeport-mcmoran

Market Cap: $57.89B

Average Volume: 15.89M

best cobalt stocks vale sa

4. Vale S.A. (VALE)

Vale S.A. (VALE) is a Rio de Janeiro-based company that engages in the production of iron ore, manganese, cobalt, and other minerals.

This organization has a market cap of above $62 billion and trades heavily with an average volume of 42 million.

vale sa

Market Cap: $62.63B

Average Volume: 42.02M

best cobalt stocks carpenter technology

5. Carpenter Technology Corporation (CRS)

Carpenter Technology Corporation (CRS) is involved in the manufacturing and distribution of specialty metals, including cobalt.

This company holds a market cap of above $1 billion and has returned over 63% for its investors over the past year.

carpenter technology corporation

Market Cap: $1.63B

Average Volume: 282.87K

How to Find Cobalt Stocks 

Finding the best cobalt stocks is a simple process we outline below. Follow these quick steps.

In this example, we are using Robinhood which is one of the most popular free brokerages available.

1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock

2. Click the search bar on top and enter “cobalt” and wait a few seconds.

3. You will notice the various cobalt companies that appear in the dropdown menu. Click whichever company you prefer.

Overall, these are the best cobalt stocks to buy in 2022 and beyond. Always be sure to invest responsibly!

Refer to the video below for even more ideas for finding the best cobalt stocks!

 

Check out our most popular articles that have been read by thousands of unique visitors.

Most Popular Articles – Wealthy Diligence

Cobalt Stocks FAQ

What are the Best Cobalt Stocks to Buy Now?

The best cobalt stocks to buy now are WPM, GLNCY, CRS, and others found in this guide.

What is a Cobalt Stock?

A cobalt stock refers to the stock of a company that is involved in the business of mining cobalt or producing products made from cobalt.

Is Physical Cobalt Better than Paper Cobalt?

While some companies and investors may prefer to hold the physical form of cobalt, paper cobalt has outperformed the returns of physical cobalt in terms of price appreciation for decades.

Are Cobalt Stocks a Good Investment?

These have historically been good investments during recent periods in history. Always be sure to assess the risk of any investment prior to buying.