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Most consumers are likely familiar with cobalt as a major input in rechargeable batteries. Specifically, cobalt is used in the production of lithium-ion batteries, used largely in cell phone and laptop batteries. Cobalt is also used extensively in the production of aircraft engines, due to its stability at high temperature and resistance to corrosion. Thus, the primary hedgers (and therefore the space to keep an eye on for those interested in investing) are going to be from the aerospace and technology hardware industries (computer and cell phone manufacturers). Also, as battery technology evolves in other areas (i.e. automotive and/or electric utilities) cobalt stands to take on a more prominent role.