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You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. Our stock picks outperformed the market by more than 124 percentage points (see the details here). Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices.

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. With 2021 well underway, there is still a lot of concern around the cobalt industry in the finance world. Mining disruptions in African nations like Morocco and Madagascar also affected prices. Elsewhere, the demand slowed as the coronavirus hit supply chains. The grounding of aircraft - cobalt-based alloys are used in jet engines - hit the demand for the metal in the United States and Europe. However, the onset of the pandemic slowed down business. One of the best ways for investors to take advantage of this situation is by buying shares in the companies that are mining nickel and copper, and by default, cobalt, around the world.Īt the end of 2019, most market research firms were bullish on cobalt stocks. Since the EV boom is just beginning, it is unlikely that cobalt demand is going down soon. Typically, an EV battery requires 9 kilograms of cobalt whereas a smartphone battery only requires about 30 grams. Since China is the largest manufacturer of electronics in the world, the country has a monopoly on the import of the metal.Īs climate change ushers in the era of electric vehicles, more and more cobalt is being refined for use in electric vehicle (EV) batteries. The metal is used together with nickel in these batteries, and there is as yet no commercially viable alternative to this pairing in the market. Although it has other uses as well, it is estimated that more than 41% of refined cobalt is used in batteries.

The metal is mainly used in lithium-ion batteries and semiconductor chips that are used in electronic devices and vehicles. This is partly to do with the high demand of cobalt in China. However, most of the cobalt processing facilities are in China even though it only produces a fraction of the total Cobalt in the world. Most of the mines where cobalt is found, sites of nickel and copper mining, are located in the Democratic Republic of Congo, China, Australia, Russia, Canada, and some other countries. The metal has to be processed before it can be made available in the market. Cobalt is a by-product of mining nickel and copper from the earth. The need for cobalt is driven by its use in several items critical to the world economy. Industry experts believe that the need for the hard and silvery metal could grow four times the current demand in the coming years. The market is further expected to grow at a compound annual growth rate of 9% between 20 to reach a volume of 193.77 kilo tons by 2026. According to a report by New York-based leading business intelligence firm Expert Market Research, the global cobalt market witnessed a demand of 115.54 kilo tons in 2020. You can skip our detailed discussion of these stocks' relevance and go to 5 Best Cobalt Stocks To Buy For 2021.Ĭobalt is fast becoming one of the most sought-after commodities in the world. In this article, we reviewed the 10 best cobalt stocks to buy for 2021 and why most market research firms were bullish on cobalt stocks.

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