PALA Investments Ltd fund manager Anthony Milewski figures that one of the best payoffs from a global boom in electric vehicles will be a hard, grey metal that so far has drawn little interest from investors. That's why he's stockpiling it.
During the past year, the Switzerland- based mining fund has been buying cobalt, an essential element in the lithium-ion batteries powering Tesla Motors Inc cars as well as all sorts of mobile devices. Even after a 50 per cent surge in prices last year, Mr Milewski and other bulls expect more gains as companies like General Motors Co and Volkswagen AG make their own electric vehicles.
But cobalt investing isn't all that simple. There's very little trading in...
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