Quick quiz: What’s the one material Tesla Motors Inc (NASDAQ:TSLA) desperately needs more of if it’s going to continue on with its mission of mainstreaming electric vehicles? If you said lithium — the stuff used to make its big, powerful batteries — you were right about a year and a half ago. The supply/demand imbalance has settled down since then, with miners finally getting up to speed with consumption.
The correct answer to the question is cobalt. Most investors may not even fully appreciate or even recognize it now, but the looming cobalt crunch is going....More>>>