No-brainer, boarding for the future -cobalt is main ingred..Hello ladies, gents,
I think this one is a no-brainer. Cobalt is the main ingredient for the future. I've been on board holding a sizable position since before last March. Insane returns since then, the stock has been breaking out steadily. They were going for production several years ago... so they are definitely ready. The stock took a serious beating over the last few years as a result of the large market shift to real estate, but money is quickly returning to these undervalued ventures ready to mature.
I do quote an article back from even October, which pointed the obvious.
https://www.kitco.com/news/2016-10-10/-Cobalt-Prices-On-The-Rise-Amidst-Ethical-Concerns.html
I quote, the future, from the past:
Monday October 10, 2016 11:27
(Kitco News) - Cobalt, as we reported previously, is the secret ingredient in lithium ion batteries. Battery-electric vehicles like Tesla’s contain approximately 50kg, or about 10% of the total battery weight, in every car. As we had anticipated, the price of cobalt went up by more than 20% over the past six months (from around $10.80/lb to now $13.40/lb).
In addition to an increase in demand, recent reports of unsafe conditions and child labor emerged in a report by Amnesty International, shocking a customer base with firm environmental and ethical values.
How will this affect the market? We spoke with William Hattan, an independent metals investment advisor and expert on cobalt.
“In recent times there were stockpiles and excess inventory from the previous period of overproduction keeping the price down”, explains Hattan. These reserves have now been used up. “Cobalt is only a 100,000 ton /year market. If there is a shortage in supply by even 5 or 10% which we expect to hit by the first half of next year, then you are going to feel that”.
On top of that, Albermarle Corporation (blue chip), was the top pick for many top stock experts. Why? Because they're one of the if not the top producer for lithium batteries in the world, and based out of the USA. (https://www.fool.com/investing/2016/11/10/the-worlds-largest-lithium-supplier-albemarle-corp.aspx). Value has nearly doubled in the past year.
I prefer the ratio increase on eCobalt over the bluechip, especially when we can make a solid forecast on where demand is going.
No doubt, they've been on the rise since overwhelming analyst predictions. With manufacturing staying in the USA with Trump in power, and increased chance of protectionalist policies, we can only imagine where this stock can go.
Choo-Choo!