CHINA COBALT SNAPSHOT: Metal prices buoyed by weakened spot availability; imported metal premium narrows

Key data from the Wednesday November 15 pricing session in Shanghai.

Cobalt Metal MB China domestic min 99.8% RMB/tonne Key drivers: - Metal Bulletin’s China cobalt price climbed to 460,000-480,000 yuan per tonne (equivalent to $26.85-28.02 per lb ex-VAT) on November 15, with the low end of the range increasing by 6,000 yuan. - The move up at the low end reflected a general uptick in prices for cobalt metal produced locally due to reduced spot availability of local brands. - Since the arbitrage between China and...

Published

Susan Zou

November 15, 2017

14:20 GMT

Shanghai