On Friday April 11, cobalt metal rose to 199,000-208,000 yuan ($32,261-33,720) per tonne, compared with 198,000-208,000 yuan per tonne last Friday.
Some market participants have reported stronger sales in recent weeks.
“So far this month, our sales volume has increased by about 30% on the previous month. It seems the market is entering the busy season,” a major smelter said.
Another smelter agreed.
“Major clients didn’t...