Cobalt moves up with 'legs tied together'

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...

Published

May 12, 2011

10:35 GMT

London