![]() Fortunes are made and lost, and long-standing industries rise and fall.ĭue to bone-crushing drops in the price of gold, silver, oil and other commodities in the '80s and '90s, mining companies either underinvested in new production or shut down mines altogether. ![]() ![]() Nowhere in market is the supply-vs.-demand rule more pronounced than in this asset class. Roughly half of cobalt's production comes from the wartorn northwest corner of Democratic Republic of the Congo, a country with severe human rights violations, dangerous mining operations and terrible child labor conditions.īetting on any commodity has risks, particularly volatility. Hence, cobalt has gone mainstream as an investment opportunity, despite its substantial rise in price over the years. If Apple or one of its competitors couldn't get it, it would be at a major disadvantage - no more batteries to power their products. Aside from its deep social undertones - colonialism, oppression, slavery, nationalism and, most importantly, that a black child could see a superhero who looks like him or her - the movie got some play in financial press when Apple announced last week it had entered into talks directly with miners of cobalt.Ĭobalt is super-important in the production of batteries for cellphones and electric vehicles. This metal is both very rare and special, and it has allowed Wakanda to develop into a hidden, technologically advanced society. If you have not seen Black Panther yet, I'm not giving anything away by telling you that Wakanda, the make-believe country in Africa where it is set, sits in a mountainous region where the imaginary metal vibranium is plentiful. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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