RE:RE:RE:Pouring concreteI agree completely Minlog, the big volome rise today(Nov. 4th), in my opinion, has nothing to do with the rise in cobalt price on this same date. First Cobalt is not within an operating framework where the increase from $56,545 to $58,300 US$/ton would generate such a significant reaction.
For easy reference, as substantiation of this opinion, I just tapped my database for the "change in market price" profile for Cobalt during the past 6 months:
May 4, 2021 : $45,165 USD/ton
May 11, 2021 : $44,635
May 14, 2021 : $44,095
May 19, 2021 : $43,650
June 4, 2021 : $42,535
June 21, 2021 : $44,540
June 23, 2021 : $45,550
June 30, 2021 : $49,680
July 1, 2021 : $50,500
July 15, 2021 : $52,500
Aug.18, 2021 : $52,300
Aug.19, 2021 : $51,500
Aug.26, 2021 : $50,430
Sep. 2, 2021 : $50,840
Sept10, 2021 : $51,500
Sept20, 2021 : $53,380
Oct. 15, 2021 : $56,300
Oct. 18, 2021 : $56,500
Oct. 19, 2021 : $56,545
Nov. 4, 2021 : $ 58,300
The rise of $1,755 today, in the context of a $13,135 $US/ton rise over the past 6 months shows no direct connection, in that timeperiod, between the price of FCC-V stock and the price of Cobalt.
We can anticipate News which will indicate a different reason for today's marketplace volume,
Peace,
Good Decision-making to All,
ElJ