![]() This would push the cobalt price chart to the 60k-70k area after which it would come down to 40k. ![]() The setup we see on the current cobalt price chart suggests that higher cobalt prices are underway. Cobalt market not done rising, only now warming up Our expectation worked out, exactly as described. This is the same cobalt price chart, exactly one year later: This is the cobalt price chart from our cobalt market forecast one year ago: Cobalt stocks are one of them, the cobalt price is one of them. That’s not interesting, that’s extremely interesting particularly because this truly is a forgotten sector! After all those revivals in almost every sector post-Corona crash we don’t see a lot of ‘forgotten sectors’. Looking at this chart in the last 5 years we see 3 higher lows. We see 2 higher lows in the last 24 months on this cobalt price chart. Also how does this chart inform us on our cobalt stocks forecast for 2021. What’s much more interesting and relevant is what’s going on right now, and what to make out of this price chart going forward in 2021. These are the comments we made back then (copy/paste): This is the cobalt price chart ( source) which we shared a year ago. That’s why our cobalt stocks forecast for 2022 is so bullish. Lithium stocks have reacted to this, we believe cobalt and graphite stocks are going to react to this with some delay. But once they start calming down cobalt stocks will do the same as what lithium stocks did starting summer of 2021: double and tripe in a few months time (yes, all our top lithium stock tips shared with Momentum Investing members went up triple digits since we tipped them).Ĭobalt, similar to graphite and lithium, will face a supply deficit in the coming 3 years. Markets may start getting volatile right before 2022 kicks in.The continue to consolidate going into 2022. Cobalt stocks have not broken out yet, as a group.Cobalt prices are on the rise right before 2022 kicks in.The summary of our 2022 cobalt stocks forecast: This is one more forecast in our long list of 2022 predictions. So it is a matter of time until cobalt stocks will do something really interesting for those who hold quality cobalt shares. Moreover, cobalt stocks have not reacted to the recent cobalt price rise yet. But graphite and cobalt are the laggards while their prices are on the rise lately. Not to say that lithium won’t be bullish, it will as said in our lithium 2022 forecast. We explained the reason why we believe so first in our masterpiece Which Is The Biggest Investing Opportunity Of This Decade and then followed up on this in our green battery metals forecast 2022 (our graphite 2022 forecast provides a sector specific outlook). In fact, we believe that 2022 will be the year of cobalt stocks as well as graphite stocks. This bodes well for cobalt stocks in 2022, hence our wildly bullish cobalt stocks forecast for 2022. The cobalt price is the fastest rising green battery metal right before 2022 kicks off.
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