Syz the moment

Chart includes $GDX $GLD $SLV Source: barchart

Source: Win Smart

Cocoa competing against Nvidia $NVDA to see which one can set the most of new all-time highs this year... Source: Barchart

Cobalt, an essential component of key chemistries of the rechargeable lithium-ion batteries used in EVs, has seen a significant shift in its global production landscape. The Democratic Republic of Congo (DRC) has long been the world’s largest cobalt producer, accounting for 73% of global output in 2022. However, according to the Cobalt Institute, the DRC’s dominance is projected to decrease to 57% by 2030 as Indonesia ramps up its cobalt production as a byproduct from its rapidly expanding nickel industry. The EV industry is the largest consumer of cobalt, accounting for approximately 40% of total demand. The exponential growth of the EV sector is expected to drive a doubling of global cobalt demand by 2030.

Strong imports of liquefied natural gas, warm weather and demand reduction as a result of high prices in recent years have all helped keep gas stored in the EU’s underground storage facilities at historically high levels during this winter, putting pressure on prices. The price of Title Transfer Facility (TTF), the European benchmark, fell to as low as €22.53 per megawatt hour on Friday, the lowest since May 2021, on course for a third consecutive weekly decline. Source: FT

Speculative Traders have built a long position worth $8.7 billion in Cocoa, the largest in history. Source: FT, Barchart

If one really cared about climate, would one shut down nuclear or coal power plants first? Source: Michael A. Arouet

In fact, 18 of the last 20 days have been green for Cocoa. It really wants an all-time high! Source: Barchart