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The plummeting cobalt price has led to hedge funds buying in at a low price, creating a good opportunity for arbitrage in the futures market.
Some hedge funds establish cobalt positions by purchasing physical materials in order to seize trading opportunities brought about by a sharp drop in spot prices and increased liquidity in the futures market.
(KALU) - Analyzing Kaiser Aluminum's Short Interest
Zacks Industry Outlook AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe
Income Investing: These Small-Caps Pay Juicier Dividends Than Many Big Names -- Barron's
ANZ Bank: Supply risk escalation, aluminum's performance will be better than other cheap metals.
On Friday, ANZ Bank stated that the performance of the aluminum market is expected to be better than other non-precious metals, as the ongoing supply issues caused by the increased geopolitical risks in major producing countries such as Russia will continue to support the aluminum market, while demand has shown signs of improvement.
Aluminium to Outperform Other Base Metals as Supply Risks Worsen, ANZ Says