![Meet Hedge Funds’ New Favorite Metal: Cobalt](https://www.sofi.hk/app/uploads/2024/07/Picture2.png)
Cobalt has become a literal hot commodity when electric vehicles arrived on the scene, as the precious metal is found in EV batteries. And even though prices recently dropped, some investors are signaling optimism. Bloomberg reports hedge funds have been buying physical cobalt (rather than financial contracts based on the metal). Why Cobalt? So what…Read more