Fortune Minerals Ltd. (TSX:FT) released a fact sheet that highlights just how important cobalt is in manufacturing rechargeable batteries.

The fact sheet states:

[T]his application for cobalt represents the single largest use of cobalt and is the primary driver of the cobalt market. The rechargeable battery market is experiencing rapid growth due to the continued proliferation of portable electronic devices. In addition, the emergence of the electric vehicles is anticipated to further boost the demand for cobalt in batteries.

Click here to view the fact sheet.