“Markets like stocks and oil have rebounded this year, but cobalt and lithium continue to fall”
"Cobalt prices have fallen more than 30% in 2019 to their lowest level in two years, according to figures from commodity-price provider Fastmarkets through Feb. 6. Meanwhile, a lithium price index published by Benchmark Mineral Intelligence dropped for the 10th consecutive month in January to a multiyear low.
The descent in both markets is a reversal from 2017, when investors sent prices soaring as they anticipated a wave of demand would lead to supply shortages. The slump is the latest sign that once-hot trades can quickly change as major players in a sector shift their behavior in ways investors can’t predict."
I kind of remember someone wanted to but lithium at some point. I guess the problem is that you have to think of the idea when no one else is thinking about it.