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Cobalt moves up with 'legs tied together'

May 12, 2011 - 10:35 GMT Location: London

High-grade cobalt prices rose on Wednesday, climbing by over $1 per lb on stronger interest from the battery sector and good super-alloys demand, some market sources said

Low-grade cobalt moved up to $17.75-18.75 per lb from $17.60-18.50 previously, while high -grade climbed to $19-20.25 per lb from $18-19. “Big users in the battery sector seem to need more than they expected,” one trader said, having sold ten tonnes of...

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