China’s cobalt prices react to rally in international market; tetroxide supply likely to tighten

Chinese cobalt metal prices have jumped higher this week as the surge in international prices has led to a much higher cost to import the blue metal.

Metal Bulletin assessed domestic Chinese cobalt metal at 345,000-370,000 yuan ($50,214 to $53,853) per tonne on Wednesday February 15, a 10% increase on Friday’s assessment. 
The large uptick in Chinese cobalt prices was a delayed response to the rally in international prices last week, market participants told Metal Bulletin. 
Metal Bulletin’s low-grade cobalt price jumped up by 80 cents per lb on Wednesday February 8 to $17.45-18.40 per lb, recording the highest increase since January 5, 2011. Prices moved up another 55 cents to $18-19 per lb on Friday, meaning prices leapt $1.35 per lb in the week. 
 

International cobalt metal prices have experienced a...

Published

Susan Zou

February 15, 2017

14:11 GMT

Shanghai