Cobalt prices converge on battery demand, tightening broken cathode supplies

Low and high grade cobalt prices converged and continued to rise last week, amid heightening tightness for broken cathode and sellers’ reluctance to offer to spot inquiries.

High and low-grade cobalt prices were both assessed at $39.50-40.75 per lb, in-warehouse, on Friday March 9. The two grades were last assessed at parity on December 1.

The high-grade price increased from $39.40-40.45 per lb on Wednesday March 7, while low-grade prices rose from $39.25-40.40 per lb at the midweek assessment.
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Published

Charlotte Radford

March 13, 2018

13:20 GMT

London