Cobalt prices jump again as availability tightens

Cobalt prices rose further on Wednesday January 11 as buyers scrambled to secure material in a bullish market.

Metal Bulletin’s low-grade price rose to $15-15.65 per lb from $14.70-15 per lb , while high-grade prices rose to $15.25-16 per lb from $15-15.40.   "Sentiment is still very much favouring higher prices," a US trader said. "There’s a lot of interest on the buying side. We’re looking to buy at the moment, and the market seems to be very tight." There were reports of...

Published

James Heywood

January 11, 2017

18:20 GMT

London