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-1.52768936982457E-05 0.0012412476129855 0.00181413112667089 0.00267345639719934 0.00311903246339917 0.000777848504137624 -0.00532304264799477 0.000570337364735955
Stock impact report

Thieves jump on cobalt craze in $10 million heist [MSN Money]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: MSN Money
It’s not just hedge funds that have noticed the cobalt boom -- thieves have too. About 112 metric tons of cobalt was stolen from a warehouse in Rotterdam owned by Vollers Group Gmbh earlier this month, according to a statement from the Minor Metals Trade Association, a U.K.-based industry group. At today’s prices, the loot is worth almost $10 million. The explosion in cobalt prices over the past two years has made the metal enticing for crooks, with each ton fetching $82,500, according to pricing data from Metal Bulletin. Analysts are projecting that usage of cobalt -- a key part of lithium-ion batteries -- will continue to increase as automakers like Tesla Inc. and Volkswagen AG promote electric cars. © Bloomberg Cobalt Crunch The outlook for electric cars: Bloomberg New Energy Finance Prices have risen more than threefold since early 2016 and were trading at a decade-high in April. Part of the rally has been driven by traders and investors stockpiling metal to take Show less Read more
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