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Cobalt prices edge higher on stronger demand

January 27, 2012 - 16:34 GMT Location: London

KEYWORDS: cobalt prices , cobalt prices rise , OM Group , Norsk Nickel

Cobalt prices edged up again on Friday January 27 on stronger demand, market sources said.

Low-grade cobalt prices moved up by 10 cents per lb to $14.90-15.90 per lb, while high-grade prices remained unchanged. “This is demand-driven. We’re seeing reasonably good levels of spot enquiries and some of the producers are quite tight,” one trading source said. “They do not have spare stock and there is a tightness, or a perceived tightness, of Russian ingot, which has to do...

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