Low inventories support turnaround in low-grade cobalt prices

Benchmark low-grade cobalt prices rose for the first time since April last week when consumers working with reduced stock levels came back to the spot market.

Metal Bulletin assessed the low-grade cobalt price at $33.35-33.95 per lb, in-warehouse, on Friday September 7, up 0.7% from the midweek assessment.
“The real floor has been established. It all got a bit tense around $33-33.50,” a producer said.
The high-grade cobalt price also ended the week higher at $33.20-34.10 per lb, in-warehouse, up 0.3% from Wednesday’s assessment.

“Buyers are starting to think this is probably as good as it gets... prices aren’t going to get much better for them,” a...


Charlotte Radford

September 10, 2018

16:33 GMT