It is unbelievable: green battery metals like lithium and cobalt are simply unstoppable. They continue to push higher, no matter what is happening in markets. They don’t care about the rising USD. As said, our lithium and cobalt forecasts for 2022 were wildly bullish. So far, most of them are still the outperformers in this market. Will this continue or not?
In order to answer the question whether strength will be persistent we can only look at the individual charts.
These special metals have really aggressive reversals, long term reversals. This makes us confident that they are not topping yet.
The lithium chart is simply amazing: 6x in the last 12 months. Although this starts looking really scary we believe it is not a lasting top, not yet.
Lithium miners are a hold, and whenever stocks stabilize and create a new bullish trend we believe lithium miners will be a buy.
It is not any different with cobalt.
Although the price of cobalt did not clear ATH, not yet, it is clear that is on a mission to get there soon.
These price charts give us confidence that cobalt and lithium stocks will do well whenever this wave of selling in markets is over. If anything, our green battery metals selection in our Momentum Investing service is still a selection with the very best green battery metals stocks that you can find out there.
