Cobalt rally slows but prices converge on low-grade tightness [CORRECTED]

High and low-grade cobalt prices came back to parity last week in thin trading conditions, with buyers paying up for tightly-available briquettes and broken cathodes.

Low-grade cobalt prices ended the week at $33.50-34.40 per lb, in-warehouse, up from $33.50-34.25 per lb, where they had sat since September 19.  High-grade cobalt prices also ended the week at $33.50-34.40 per lb, having fallen from $33.60-34.50 per lb midweek. Spot activity was slow in the week before LME Week, with Chinese market participants off for the Golden Week holidays, although low-grade...

Published

Charlotte Radford

October 08, 2018

14:38 GMT

London

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