CobaltCobalt futures are ripping higher on DRC export halts. It makes sense, because such a high% of Cobalt is coming out of DRC, and that % has been increasing over the years, as oversupply crushes competing sources. There hasn’t been any incentive to open a new mine, until the spot price exceeds the c
London Metals Exchange Week 2023 reviewAs London Metals Exchange Week 2023 wraps up, we summarise some of the key observations for the state of the base metals in 2023 and what are likely to drivers for the markets going into 2024.
Better than the macro data would indicate
Despite the challenging macroeconomic backdrop especially in C
Cobalt Metal Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutua
COBALT Long: Used for EV batteries & insufficient global supplySUMMARY: Long, insufficient global supply , it is a critical component in rechargeable batteries.
Both Lithium and Cobalt are expected to rise exponentially.
These are not easy trades to play. We are looking at a new commodities super cycle, partially kicked off by excessive money supply creatio
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Summarizing what the indicators are suggesting.
Neutral
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Strong sellSellNeutralBuyStrong buy
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Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Bloomberg Industrial Metals Futures is 139.80 USD — it has risen 0.69% in the past 24 hours. Watch Bloomberg Industrial Metals Futures price in more detail on the chart.
Track more important stats on the Bloomberg Industrial Metals Futures chart.
The nearest expiration date for Bloomberg Industrial Metals Futures is Dec 28, 2029.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Bloomberg Industrial Metals Futures before Dec 28, 2029.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Bloomberg Industrial Metals Futures this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Bloomberg Industrial Metals Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Bloomberg Industrial Metals Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Bloomberg Industrial Metals Futures technicals for a more comprehensive analysis.