![]() ![]() On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. BHP Group, one of the worlds major mining firms, is an Australian business with global activities. 10 Best Cobalt Stocks You Should Consider in 2022 1. By selling Cobalt Metal futures against their inventory, the trader can protect their stock against a decrease in prices. The trader worries that a decrease in cobalt prices will reduce the value of their inventory. AMC Stock: Can Barbie Save AMC Entertainment? Since early 2021, cobalt prices have doubled, hitting a peak of 74,000 per ton in May 2022, as demand for automobiles has surged. A merchant trader sits on cobalt inventory with no certainty of when they will be able to sell it.Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday. ![]() Why Is Dunxin Financial (DXF) Stock Up 1,000% Today?.We’ve got all of the latest stock coverage that traders need to know about on Tuesday! Among that is what’s sending shares of Dunxin Financial (NYSEMKT: DXF) stock higher, the biggest pre-market stock movers this morning, and more. Investors looking for even more of the most recent stock market news will want to keep reading! For the record, that has the stock up 70% as of this writing. That also resulted in a 21.8% boost to its stock price.ĮLBM stock is seeing even more movement on Tuesday morning, with some 6 million shares being traded. That saw about 850,000 shares change hands, as compared to its daily average of around 109,000 shares. “LG Energy Solution continues to strengthen its position as a global leader in the electric vehicle supply chain through its investments in Ontario and active collaboration with Canadian companies developing critical minerals and battery materials.” ELBM Stock MovementĮlectra Battery Materials already saw its stock rally yesterday when the supply agreement was announced. Trent Mell, CEO of Electra Battery Materials, said the following about the agreement with LG Energy Solution: The battery-grade cobalt in this deal will come from the Toronto, Ontario mine, which is the only cobalt mine in North America. The agreement between the two companies starts in 2025 and builds on a previous one announced in September 2022. That will see it supply the lithium-ion battery maker with 19,000 tons of cobalt over a five-year period. Electra Battery Materials (NASDAQ: ELBM) stock is on the rise Tuesday as the company’s shares continue to rally on a cobalt supply agreement.Īccording to a press release from Electra Battery Materials, it has extended a supply agreement for battery-grade cobalt with LG Energy Solution. ![]()
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