Cobalt is a hard, silvery-white metal with a high melting point and ferromagnetic properties. It is primarily extracted as a by-product of copper and nickel ore.

Market conditions

Critical in the next generation of lithium-ion batteries for electric vehicles and energy storage for data centres and AI infrastructure. The electrification of society + the increasing electricity demand from AI makes domestic cobalt strategically important.

Used in

Batteries, superalloys, electronics, colorants

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© Copyright 2026 Crustal Resources AB

Crustal Resources AB is a Swedish listed company with a focus on exploration and project development within precious and strategic metals. The company's business is to acquire, develop, and realise value in raw material-based assets, primarily within the mining and mineral sector. The focus is on projects where geological potential and market conditions together create strong opportunities to build value. The company's B-share is traded on the NGM Growth Market under the ticker CRUST B and ISIN SE0020355188.

NGM Growth Market is a growth market for small and medium-sized enterprises for the listing and trading of shares and share-related securities operated by Nordic Growth Market NGM AB. NGM Growth Market is a growth market for small and medium-sized enterprises in accordance with MiFID II (Markets in Financial Instruments Directive II). An investor should keep in mind that shares and share-related securities listed on NGM Growth Market are not listed on a regulated market and that the company is therefore not subject to the same regulatory framework for the protection of shareholders as listed companies.

Follow our journey

© Copyright 2026 Crustal Resources AB

Crustal Resources AB is a Swedish listed company with a focus on exploration and project development within precious and strategic metals. The company's business is to acquire, develop, and realise value in raw material-based assets, primarily within the mining and mineral sector. The focus is on projects where geological potential and market conditions together create strong opportunities to build value. The company's B-share is traded on the NGM Growth Market under the ticker CRUST B and ISIN SE0020355188.

NGM Growth Market is a growth market for small and medium-sized enterprises for the listing and trading of shares and share-related securities operated by Nordic Growth Market NGM AB. NGM Growth Market is a growth market for small and medium-sized enterprises in accordance with MiFID II (Markets in Financial Instruments Directive II). An investor should keep in mind that shares and share-related securities listed on NGM Growth Market are not listed on a regulated market and that the company is therefore not subject to the same regulatory framework for the protection of shareholders as listed companies.

Follow our journey

© Copyright 2026 Crustal Resources AB

Crustal Resources AB is a Swedish listed company with a focus on exploration and project development within precious and strategic metals. The company's business is to acquire, develop, and realise value in raw material-based assets, primarily within the mining and mineral sector. The focus is on projects where geological potential and market conditions together create strong opportunities to build value. The company's B-share is traded on the NGM Growth Market under the ticker CRUST B and ISIN SE0020355188.

NGM Growth Market is a growth market for small and medium-sized enterprises for the listing and trading of shares and share-related securities operated by Nordic Growth Market NGM AB. NGM Growth Market is a growth market for small and medium-sized enterprises in accordance with MiFID II (Markets in Financial Instruments Directive II). An investor should keep in mind that shares and share-related securities listed on NGM Growth Market are not listed on a regulated market and that the company is therefore not subject to the same regulatory framework for the protection of shareholders as listed companies.