Chinese cobalt metal prices
dipped by 2.4% to 400,000-430,000 yuan ($58,239-62,607) per tonne on Wednesday March 1. This equates to $26.42-28.40 per lb.
February saw a steep rise in domestic cobalt metal prices, largely due to the increasingly higher cost to import the blue metal – prices in China rose 32% in fewer than three weeks from February 8.
The fundamental backdrop for cobalt metal has remained tight in the international market and fund interest continued to mop up stocks
As a result, Metal...