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How to invest in cobalt: Buying cobalt for beginners in 2025
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Investing in cobalt is a simple process and there are several ways to put your money into this popular commodity. This beginner’s guide takes you through the basics of how to invest in cobalt.
How can I invest in cobalt?
Copy link to sectionThere are several options available, ranging from investing in cobalt stocks to buying cobalt bars or coins. The right approach depends on your personal budget, risk tolerance, and timeline for seeing returns. Here’s a look at the various ways you can invest in cobalt online.
Buy cobalt stocks
Copy link to sectionBuying stocks in companies involved in the cobalt industry is one of the easiest ways to invest in cobalt. Cobalt stocks can include miners, refiners, producers, sellers, and more. Cobalt is usually produced as a byproduct of copper or nickel, which means you can also invest in the best metals stocks to gain some exposure to it.
When you buy cobalt stocks, the value of your investment will usually rise and fall in line with the price of cobalt. Investing in cobalt stocks is an excellent way to gain indirect exposure to the metal.
Here’s a look at a few of the top cobalt stocks in 2025.
- BHP Group (NYSE:BHP). BHP Group is one of the largest mining and metals companies in the world.
- Glencore (LON: GLEN). Glencore plc is a Swiss commodity trading and mining company.
- Wheaton Precious Metals (NYSE:WPM). Wheaton Precious Metals Corp. is a Canadian multinational precious metal streaming company.
Invest in cobalt ETFs
Copy link to sectionExchange traded funds (ETFs) are the easiest way to invest in cobalt for beginners. ETFs trade on a stock exchange, just like a regular stock. The key difference is ETFs are made up of many different stocks, rather than just one.
With ETFs, you’ll gain broad exposure to the price of cobalt. The value of the stocks that comprise the ETF will usually rise and fall in line with the value of the metal. Cobalt is often included in the best metals ETFs, so you’ll gain exposure to it along with other important commodities.
- Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (NASDAQ: EVMT). EVMT invests in commodity-linked futures that provide exposure to metals used to produce EVs.
- KraneShares Electrification Metals Strategy ETF (NYSEARCA: KMET). KMET is another ETF that focuses on futures for metals involved in clean energy.
- Amplify Lithium & Battery Technology ETF (NYSEARCA: BATT). BATT invests in companies that generate revenue from lithium battery technology.
Invest in cobalt mutual funds
Copy link to sectionMutual funds are similar to exchange traded funds, with the main difference being a fund manager actively looks after them. The fund manager maintains the fund and has full control over what to buy and sell. Cobalt mutual funds are another excellent beginner-friendly way to invest in cobalt.
One thing to note with funds is that the fees are generally higher than you’ll find with other investing methods.
There are no mutual funds that focus solely on cobalt, but there are many that target metals and lithium-ion batteries. Here are a few of the best cobalt mutual funds for 2025.
How to invest in cobalt online – a step-by-step guide
Copy link to sectionInvesting in cobalt is a simple process. Before you begin, you’ll need to register with a trusted online broker to access the cobalt market. Follow the steps below to learn how to invest in cobalt.
Step 1. Open a cobalt investment account
Copy link to sectionChoose an online broker that offers a way to invest in the cobalt market. We recommend eToro as the best cobalt investing platform. You can invest in a range of cobalt stocks, cobalt ETFs, and cobalt mutual funds.
Step 2. Choose your cobalt investment vehicle
Copy link to sectionYou can invest in cobalt using various methods. Most investors prefer to invest in cobalt stocks, ETFs, or funds. You can also directly invest in cobalt through futures contracts or even physical bars or coins. Our guide below explains more about each option.
Step 3. Make your investment in cobalt
Copy link to sectionOnce you decide how to invest your money into cobalt, it’s time to make your investment. To do this, simply log into your online brokerage account and use the search bar to find your chosen investment. For example, if you’re planning to invest in a cobalt ETF, just type its name or ticker symbol and you’ll be taken to its trading page.
Fill out your order details on the trading page and hit the buy button. You’ll usually be able to decide how many shares you want to buy if using stocks, ETFs, or funds. Alternatively, you can enter a dollar amount and the brokerage platform will take care of the rest.
Step 4. Monitor your investments
Copy link to sectionRegularly review your investment portfolio and its performance. Keep an eye on the cobalt price to stay updated with the latest changes. If its price drops, you could use it as an opportunity to add to your investment. If it rises, you may want to consider taking some profit.
Where can I start investing in cobalt?
Copy link to sectionTo invest in cobalt, you need to register with a cobalt investing platform. These are the best cobalt investing platforms, ranked by our team of commodity experts according to their value for money, user experience, and security features.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Plus500
CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorised by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe such as leverage limitations and bonus restrictions.
Why invest in cobalt?
Copy link to sectionThere are lots of reasons why you may want to consider investing in cobalt. Its presence in the heart of modern technology means it is a crucial component for various applications. Most importantly, cobalt has a near irreplaceable role when it comes to developing lithium-ion batteries.
These batteries are the backbone of the electric vehicle industry, a sector which is experiencing tremendous growth. As demand for EVs grows in the future, so does the demand for materials that power them, including cobalt. Investing in cobalt now could be a good opportunity for capitalising on future expected growth.
Is investing in cobalt safe?
Copy link to sectionYes, investing in cobalt is relatively safe, although you should be aware of the risks involved before getting started. Cobalt offers the potential for high returns, especially as demand for the metal continues to climb.
The biggest risk for investors is market volatility. Unlike traditional markets like stocks and bonds, the price of cobalt can swing very quickly. The lack of a centralised exchange makes tracking prices more difficult. THere are also concerns surrounding the mining practices in some cobalt-producing countries, which can add to the risk.
The safest way to invest in cobalt is to use a dedicated commodity trading platform. You must make sure the broker you use is trusted and regulated for added protection.
How much does cobalt investing cost?
Copy link to sectionInvesting in cobalt is relatively inexpensive, although the investment vehicle you use will determine how much you will pay. When buying cobalt stocks or cobalt ETFs you’ll be charged a commission, typically between $5 – $10. You’ll also need to pay a bid-ask spread, which is approximately 5% – 10% of your total transaction.
If you decide to invest in a cobalt fund then you may have to pay a management fee, which can range between 1% – 5%.
Can I buy physical cobalt?
Copy link to sectionIt is possible to buy physical cobalt, but in reality, it is not practical. Buying physical cobalt is usually reserved for companies or entities involved in the wider industry. For example, companies like Tesla may buy large quantities of cobalt for use in their batteries. Some physical cobalt brokers sell small amounts of bars, although costs are generally high.
Bottom line
Copy link to sectionCobalt is often in the shadow of larger metal commodities like gold and silver, but is still a crucial material in today’s world. The reliance lithium-ion batteries have on cobalt makes it an in-demand material. Electric vehicles also heavily rely on cobalt for battery production, and as the industry is expected to grow exponentially in the future, investing in cobalt today could be a prudent move.