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Cobalt price surge continues on strong demand, consumer stock-building

January 17, 2014 - 17:56 GMT Location: London

KEYWORDS: Cobalt , prices , high-grade , low-grade

Strong demand and consumer stock building drove low-grade cobalt prices to their highest levels since October on Friday January 17.

Low-grade cobalt hit $12.50-13.50 per lb, up from $12.20-13.40 per lb on Wednesday January 15, having climbed from a November floor of $11.35-12.60 per lb. High-grade cobalt surged to $13-14.05 per lb on Friday, up from $12.40-13.40 per lb previously. Producers and traders hiked their offer prices on strong demand and reduced availability from some producers.  Cobalt trades were confirmed as low as $12.50 per lb on low-grade material and up to around $14 per...

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