5 Best Cobalt Stocks to Buy in 2022

3. Umicore SA (OTC:UMICY) makes it to the third position on our list of the 10 best cobalt stocks to buy in 2022. Umicore SA (OTC:UMICY) is working towards developing recyclable lithium-ion batteries. Furthermore, Umicore SA (OTC:UMICY) plans to incorporate blockchain technology to improve the procurement of cobalt and bring greater transparency to the entire process. Like all the major metal mining and exploration companies in this list, Umicore SA (OTC:UMICY) does not provide exposure restricted to cobalt only. The company also has exposure to copper, iridium, lithium, molybdenum, and selenium mining projects. The Brussels, Belgium-based mining company is considered an acquisition target for the South Korean LG Chem as it is looking to enhance the size of its battery materials business.