Cobalt is a chemical element; it has symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. From Wikipedia
The company, backed by Glencore and Anchorage, aims to provide investors with direct exposure to cobalt prices through a buy-and-hold strategy as demand for EV batteries grows.