Prices of green battery metals are going through the roof. Lithium prices were already going vertical, cobalt has been following since a few months, nickel has been really slow but is now following suite. The only segment that is lagging is graphite.
Below is the nickel price chart.
Pretty astonishing, isn’t it?
Nickel was pretty flat for some 12 months, say since January of 2021.
We noticed this spike in January of this year, and it looked like a pump without legs. However, with the Russian invasion the price of nickel started going vertical.
The million dollar question is to which extent this recent rise is associated to the Russian/Ukrainian situation. Stated differently, what happens once the Russia conflict calms down or comes to an end?
Regardless, nickel miners should be the beneficiaries. But, so far, nickel miners have not collectively followed the path of the price of nickel, only a few nickel miners started rising lately. This might be related to the fact that there are not a lot of pure play nickel miners, but it might also be related to the current volatile nature of stock markets.
In our Momentum Investing green battery metals selection we did include a nickel miner a few weeks ago which is going through a very bullish reversal. For those that are fed with this market, its divergences and volatility, you might want to consider our automated trading services in which we trade the S&P 500 for our members (we have accumulated several profits which largely outweigh the few losses in recent months, largely outperforming our peers and indexes).