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G'day Trav,

A quick glance at the chart for the price of Cobalt is not painting a great picture, it is in decline. Looking at ARL's chart it is also telling me the same story, along with CLA.

As I understand 94% of Cobalt comes as a by-product of Copper and Nickel mining operations. It appears a while back there was a lot of hype about Cobalt and EV batteries which subjected it to speculation and to an inflated price partially caused by speculators and hedge funds buying it up and wharehousing it for future sale.

It is always a good idea before buying into a stock to see which direction the price is going by looking at a chart. It will only take a moment of your time to see if the price is going up or down. As you can imagine, a price falling is not the best way to buy into a stock until the decline stops and it begins to rise again.

As it is a by-product of Copper production then you will find the big players in Copper will be the biggest produces BHP and RIO if and when the price takes off, leaving the small players in the dust. Clive Palmer owns the Cobalt refinery in Yabulu, Qld. It is currently in voluntary administration.
This is the current 12 month chart for the price of Cobalt....

[ATTACH=full]90023[/ATTACH]

<blockquote data-quote="Ann" data-source="post: 1000948" data-attributes="member: 2506">G&#039;day Trav,A quick glance at the chart for the price of Cobalt is not painting a great picture, it is in decline. Looking at ARL&#039;s chart it is also telling me the same story, along with CLA. As I understand 94% of Cobalt comes as a by-product of Copper and Nickel mining operations. It appears a while back there was a lot of hype about Cobalt and EV batteries which subjected it to speculation and to an inflated price partially caused by speculators and hedge funds buying it up and wharehousing it for future sale.It is always a good idea before buying into a stock to see which direction the price is going by looking at a chart. It will only take a moment of your time to see if the price is going up or down. As you can imagine, a price falling is not the best way to buy into a stock until the decline stops and it begins to rise again.As it is a by-product of Copper production then you will find the big players in Copper will be the biggest produces BHP and RIO if and when the price takes off, leaving the small players in the dust.&nbsp; Clive Palmer owns the Cobalt refinery in Yabulu, Qld. It is currently in voluntary administration. This is the current 12 month chart for the price of Cobalt....[ATTACH=full]90023[/ATTACH]</blockquote>

[QUOTE="Ann, post: 1000948, member: 2506"] G'day Trav, A quick glance at the chart for the price of Cobalt is not painting a great picture, it is in decline. Looking at ARL's chart it is also telling me the same story, along with CLA. As I understand 94% of Cobalt comes as a by-product of Copper and Nickel mining operations. It appears a while back there was a lot of hype about Cobalt and EV batteries which subjected it to speculation and to an inflated price partially caused by speculators and hedge funds buying it up and wharehousing it for future sale. It is always a good idea before buying into a stock to see which direction the price is going by looking at a chart. It will only take a moment of your time to see if the price is going up or down. As you can imagine, a price falling is not the best way to buy into a stock until the decline stops and it begins to rise again. As it is a by-product of Copper production then you will find the big players in Copper will be the biggest produces BHP and RIO if and when the price takes off, leaving the small players in the dust. Clive Palmer owns the Cobalt refinery in Yabulu, Qld. It is currently in voluntary administration. This is the current 12 month chart for the price of Cobalt.... [ATTACH=full]90023[/ATTACH] [/QUOTE]

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