IMO. Has bottomed, capitulation a couple of months back after quarterly (with final tax loss selling in the past month. Tentative buying coming on, pre-debt refinancing announcement (U.S. DoD or perhaps Hedge Fund). New market trend starting to emerge.
Follow the money...
'Hedge funds, including Anchorage Capital Advisors and Squarepoint Capital LLP, are quietly purchasing physical cobalt amid seven-year price lows.
Cobalt's critical role in the energy transition and China's strategic stockpiling efforts support long-term optimism for the metal.
Despite oversupply and weaker EV demand, analysts anticipate a gradual improvement in cobalt prices over the next few quarters'.
mmmmgus
JRV Price at posting:
2.0¢ Sentiment: None Disclosure: Held
