The scale and speed of the Cobalt price surge over the last few months reflects a scramble for units.
Lithium was the super-hot metals story of 2016. A spectacular price rally propelled lithium out of the metallic shadows onto the global investment stage.
This year it is the turn of Cobalt.
The price of cobalt traded on the London Metal Exchange (LME) has exploded from $33,000 per ton to $55,000 since the start of January.