Competition for end-of-quarter sales sees cobalt trading below $40 per lb

Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.

Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week. “[The market is] dead in terms of people actually booking [material]. When you get liquidity, people jump on it,” a trader said. “You can really feel that the holiday is [getting close],” a...

Published

Charlotte Radford

July 02, 2018

20:18 GMT

London