Metal Bulletin’s price assessments for low-grade and high-grade metal were unchanged on Friday May 11, after falling midweek.
Low-grade cobalt prices fell 30 cents on the low end of the range, and 20 cents on the high end of the range on Wednesday May 9, to settle at $43.20-44 per lb, in-warehouse.
High-grade cobalt prices fell similarly, ending the week at $43.20-44.05 per lb, in-warehouse, compared with $43.50-44.25 per lb a week earlier.
“It’s impossible not to expect a bit of a correction: it never took a breath [on the way up],” a trader said.
Metal Bulletin’s benchmark cobalt...