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...
