Cobalt, a key element in lithium-ion batterieDemand for cobalt is mainly driven by the EV sector, which had a strong finish in Q4 2020.
Cobalt will remain key in the coming EV boom
FUSEF
$FUSEF Ripe New EV Play as Cobalt Angle Gathers SteamFUSEF shares have worked themselves around the corner and into a new upward trend, which should be objectively clear based on a cursory glance at the chart.
The stock has pushed as much as 500% higher so far this year. But the movement isn’t dramatic or by virtue of a single sharp spike during any one short stretch. It has been a steady and consistent move.
More importantly, the longer-term pattern is that of the famous “Cup with Handle” bottoming formation made famous by William O’Neill of Investors Business Daily fame. FUSEF sports a classic version of the pattern, with its breakout above $0.04/share into the end of May as the trigger point pushing the stock into the breakout phase of trend based on this chart formation.
If you doubt the inevitability of the EV revolution, then note that Lyft just made a public commitment to take its entire fleet electric over the next 10 years. No doubt, Uber will be forced to go in the same direction. Cab companies and civic transportation systems will no doubt follow next.
They all depend on flows of capital. And flows of capital have aligned behind the ESG capital management movement – a fact that will only become more extreme once the primary sources of that capital and more and more exclusively millennials and gen-z investors.
If you doubt the inevitability of rising cobalt demand, then recall the recent move by Tesla to lock in 6k tons of it per year from Glencore -- the largest commodity company in the world.
Cobalt is extremely rare, and will also need to be ethically sourced, further tightening supply.
All of this lines up behind FUSEF -- possibly the next target of the Robinhood army.
