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The Demand for Cobalt Grows
By: J. Randall Waterfield
The Demand for Cobalt Grows
J. Randall Waterfield is the Chairman and CEO of the Waterfield Group, one of the largest private
financial institutions in the United States. In addition to his role at the Waterfield Group, J. Randall
(Randy) Waterfield has also served as the international Chairman of the Young Presidents’
Organization. Recently, the Waterfield Group joined with Environmental Operations, Inc., to
purchase a large cobalt mine in Madison County, Missouri. Though once considered a low-value
mining byproduct, cobalt is now a highly sought-after material.
The Demand for Cobalt Grows
The price of cobalt, a shiny, gray brittle metal found alongside metals such as copper and nickel,
has more than doubled since 2017. Currently, the biggest reserves of cobalt are found in the
Democratic Republic of Congo, with supplies also located in China, Russia, Norway, and Finland.
The Demand for Cobalt Grows
Cobalt has been used for thousands of years to create intense blue hues in paint and glass. Its
ability to maintain its strength at high temperatures has also made it a key component in
superalloys. In recent years, however, cobalt’s popularity is largely attributed to its importance in
lithium-ion batteries used in electronics and electrified vehicles. The mineral is so desirable that
some electronics companies are working to secure supplies directly from mining operations.

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The Demand for Cobalt Grows

  • 1. The Demand for Cobalt Grows By: J. Randall Waterfield
  • 2. The Demand for Cobalt Grows J. Randall Waterfield is the Chairman and CEO of the Waterfield Group, one of the largest private financial institutions in the United States. In addition to his role at the Waterfield Group, J. Randall (Randy) Waterfield has also served as the international Chairman of the Young Presidents’ Organization. Recently, the Waterfield Group joined with Environmental Operations, Inc., to purchase a large cobalt mine in Madison County, Missouri. Though once considered a low-value mining byproduct, cobalt is now a highly sought-after material.
  • 3. The Demand for Cobalt Grows The price of cobalt, a shiny, gray brittle metal found alongside metals such as copper and nickel, has more than doubled since 2017. Currently, the biggest reserves of cobalt are found in the Democratic Republic of Congo, with supplies also located in China, Russia, Norway, and Finland.
  • 4. The Demand for Cobalt Grows Cobalt has been used for thousands of years to create intense blue hues in paint and glass. Its ability to maintain its strength at high temperatures has also made it a key component in superalloys. In recent years, however, cobalt’s popularity is largely attributed to its importance in lithium-ion batteries used in electronics and electrified vehicles. The mineral is so desirable that some electronics companies are working to secure supplies directly from mining operations.