SHERF - Time To Buy Some Cobalt Miners
Note: This article was first published on Trend Investing on Feb. 11, 2018; therefore, all data is as of that date.
The cobalt miners have had a great run since mid 2016; strongly supported by fundamentals such as the cobalt price more than tripling from about USD 10/lb to USD 37/lb. Then in January 2018 the lithium miners rout caused by lithium oversupply fears infected the cobalt miners. I find this particularly strange given cobalt is currently in deficit, and the cobalt price rise accelerated the past 3 months rising ~32%.
In February the global