Cobalt, that versatile ferromagnetic metal, has experienced its own evolution; no longer used just to provide blue colour for glass and ceramics, it is today highly valued as a necessary ingredient for making those prized electric-car and smartphone batteries tick. Cobalt has seen its price rise and fall over recent years, but the current trend is in an upward direction as demand outpaces supply.
Precious metals are viewed as safe investment havens, especially when other options suffer volatility; and perhaps surprisingly the metal leading the commodity pack so far in 2017 is palladium, used primarily by manufacturers of gasoline and hybrid vehicles. But before draining your bank account to invest in the precious metal, consider some factors that may make it not the wisest choice for the long-term.
On June 8, the European Central Bank (ECB) began its Corporate Sector Purchase Programme (CSPP), which was initially announced by the bank’s president, Mario Draghi, on March 10 as an addendum to the ECB’s quantitative easing (QE) program.