THIS Metal NOBODY Is Talking About Just Tripled In Price! Demand Is Soaring and Supply Is Very Scarce!
Whenever there is a shortage, prices will skyrocket. Despite the central bank market intervention, simple supply and demand fundamentals still play a role particularly with commodities. There has been one metal that has been outperforming in recent years. This has been very important to technology as it becomes more pervasive. Let’s take a look at this one increasingly important commodity.
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Hype Meets Reality as Electric Car Dreams Run Into Metal Crunch
https://www.bloomberg.com/graphics/2018-cobalt-batteries/
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Apple in Talks to Buy Cobalt Directly From Miners - Bloomberg
https://www.bloomberg.com/news/articles/2018-02-21/apple-is-said-to-negotiate-buying-cobalt-direct-from-miners
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Let's keep checking in on COBALT as the months go on to see if real supply/demand fundamentals are still at play.
Do you believe the price will continue to rise?
The hypocrisy is stunning! The west salves it's conscience on global warming by using electric cars - the production of which sends chidren down cobalt mines in the Congo! And Elon musk calls his car Tesla, hah!