COBALT SNAPSHOT: Prices under pressure on anticipated summer slowdown

Key data from July 1 pricing session.

Low-grade cobalt in-warehouse ($ per lb) Key drivers - Summer slowdown expectations have put pressure on sellers, who lowered their offers to secure business before the end of June - Consumer spot demand limited - Traders covering in off the exchange after selling on the London Metal Exchange at big premiums - Chambishi shutdown continues, with no further updates, which could support prices even in quiet summer period - Small consumer businesses commanding premiums for both high-grade and low-grade, supporting the top end of ranges Key quotes "We offered at very competitive prices to the trade and they came back...

Published

Fleur Ritzema

July 01, 2015

15:10 GMT

London

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