Cobalt belongs to the subgroup transition metals of the iron-platinum group. Cobalt compounds are already well known and was originally used mainly for coloring ceramics, later also for glasses. The overall growth of the global economy has also led to metals in the past to high profits.
Cobalt is a chemical element and belongs to the group of metals. Since the Middle Ages cobalt is used for the blue dye of glass and ceramics. Today, Cobalt is mainly used in industry for the manufacture of high-strength and particularly heat-resistant alloys. Cobalt is a comparatively rare metal. The annual production amounts to only about 575,000 tonnes (about 15.8 million tonnes of copper). As an investment in cobalt is especially in times of economic upturn. An attractive industrial production, the demand for this metal to grow, which provides for an increase in cobalt price to the commodity markets.
Another advantage is that cobalt is not so much in the focus of speculators like other commodities.