DissentWatch on Nostr: Bottom-Fishing: Two Hedge Funds Quietly Buying Physical Cobalt Amid EV Battery Slump ...
Bottom-Fishing: Two Hedge Funds Quietly Buying Physical Cobalt Amid EV Battery Slump
From ZeroHedge
Cautious optimism is creeping back into the cobalt metal market as hedge funds move to physical purchases of the battery metal as prices slump to seven-year lows. With oversupply conditions and slumping electric vehicle demand, the market could soon find balance, given cobalt’s critical role in the […]
Jul 5th 2024 4:15am EDT
Source Link: https://www.zerohedge.com/commodities/bottom-fishing-two-hedge-funds-quietly-buying-physical-cobalt-amid-ev-battery-slump
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From ZeroHedge
Cautious optimism is creeping back into the cobalt metal market as hedge funds move to physical purchases of the battery metal as prices slump to seven-year lows. With oversupply conditions and slumping electric vehicle demand, the market could soon find balance, given cobalt’s critical role in the […]
Jul 5th 2024 4:15am EDT
Source Link: https://www.zerohedge.com/commodities/bottom-fishing-two-hedge-funds-quietly-buying-physical-cobalt-amid-ev-battery-slump
Share, promote & comment with Nostr: https://dissentwatch.com/boost/?boost_post_id=798965