Post by DRYOASISon Jun 11, 2016 3:34pm
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Post# 24957349
Cobalt Headss For Bull Run
Cobalt Headss For Bull RunCobalt Heads For Bull Run ...... Demand from battery making and superalloys plus the dangers of DRC politics point to a surge in cobalt prices, so, if hedge funds are tempted by the market, what do they need to know before they step in? Expert cobalt trader Nick French tells all. Long-time cobalt trader Nick French Ever since the collapse of the prolonged commodity bull run in 2008 the hedge funds have veered away from considering the metals asset class as a "buy" (notwithstanding plenty of aggressive short positions in nickel, iron ore and copper). With false bottoms aplenty in the meantime, there is now a genuine sense that the worst may be over for the commodity sector. So, in this context, is the "buy" word being whispered on the investment street for copper or nickel or aluminium? No, its cobalt. In a recent Financial Times article headlined "China charges into cobalt to take batteries lead", an analyst was quoted as saying "we do see higher looming cobalt prices as China plays the 'long game to dominate the cobalt supply chain". Read more at https://www.stockhouse.com/companies/bullboard/t.fco/formation-metals-inc#y7IlTCtyZ7X7SM7Y.99