Cobalt is primarily produced as a by-product of copper and nickel production, with the majority of the world's supply coming from the Democratic Republic of the Congo. Approximately 40 to 50 percent of the DRC's cobalt is produced on the Copperbelt. Half of the world's cobalt reserves are found in the country. In 2020, the DRC produced 95,000 metric tons of cobalt, far exceeding Russia's 6,300 tons. The Eastern European nation was the world's second largest cobalt producer in 2010, followed by Australia (5,700 metric tons) and the Philippines (4,700 metric tons). Cobalt is now produced in about a dozen nations around the world.

Investing in cobalt involves understanding the dynamics of the cobalt market, identifying investment opportunities, and considering various investment vehicles. Here are steps to guide you:

1. Research the Cobalt Market: Understand the global cobalt market, including production, demand, and pricing trends. Cobalt is a critical component in batteries, especially for electric vehicles.

2. Supply and Demand Factors: Evaluate factors influencing cobalt prices, such as geopolitical developments, mining regulations, and advancements in battery technologies.

3. Investment Options: Consider different investment options, such as stocks of cobalt mining companies, cobalt-focused exchange-traded funds (ETFs), or commodity futures contracts.

4. Diversification: Diversify your investment portfolio to manage risk. Cobalt is just one component of a broader commodity market.

5. Stay Informed: Keep abreast of industry news, technological advancements, and geopolitical events that can impact the cobalt market.

6. Risk Assessment: Assess the risks associated with cobalt investments, including market volatility, geopolitical instability in mining regions, and regulatory changes.

Always consult with financial experts or advisors before making investment decisions to ensure they align with your financial goals and risk tolerance.