Yahoo Finance,May2,2017-James Burgess -Excerpt There is a massive opportunity for first-in investors in cobalt as major hedge funds start hoarding the physical metal to gain exposure, and this long-overshadowed resource is poised to be more explosive than lithium.
Analysts are already predicting a 500% deficit increase starting next year, and the tight supply figures have caused a panic to breakout now.
Major buyers of cobalt now find themselves scrambling to secure new supply as hedge funds such as Swiss-based Pala Investments and China’s Shanghai Chaos start stockpiling the metal because it’s a surefire way to gain exposure to the coming price surge. So far, these hedge funds have scooped up 17% of last year’s global production.