1. Why did cobalt drop?
Because the biggest cost of new energy vehicles is batteries, and batteries can be divided into cobalt-containing batteries and cobalt-free batteries, which can improve the energy density of batteries and make up for the shortcomings of new energy vehicles. But Tesla began to be equipped with cobalt-free batteries, but because cobalt is too expensive, as a rare metal and strategic resource, the price is very expensive, so many people will not buy this kind of cobalt. Therefore, some electronic manufacturers began to improve cobalt-free batteries through technological innovation. In the long run, cobalt began to decline. Although the number of mushroom listed companies has decreased, the real situation is not so serious, because other automobile products will still use this battery, so it is only a short-term impact, and it may not be necessary in the future.
Second, matters needing attention in purchasing funds
Many people will choose investment funds if they have a little spare money, because the risk of stocks is too great, so funds are a good choice, but there are many precautions in buying funds. First of all, you should know the whole market of the fund, and you can't buy it blindly, otherwise it is easy to lose money. If you really can't buy it, you can find a reliable fund manager, because the fund manager can help you manage the fund. That's what he does, and he won't smash his signboard.
To sum up, funds containing cobalt are falling now, but it is uncertain whether they will fall in the future. If you want to buy a fund, you'd better know the whole industry. You can't just buy it, it's easy to lose. If you want to reduce the risk, you'd better follow the experienced fund buyers. The biggest advantage of the current fund is that it can reduce the risk through portfolio purchase, so buying a fund is a good choice.