Cobalt prices stable, but efforts to reduce positions could prove bearish

Cobalt prices were unchanged this past week, but recent illiquidity in the spot market could make prices vulnerable to a move lower in the coming weeks, markets sources told Fastmarkets MB.

The price assessments for low-grade cobalt and high-grade cobalt were unchanged at $33.50-34.45 per lb and $33.50-34.50 per lb, respectively, on Friday November 9. Apart from one small low-grade sale above $36 per lb recorded midweek, spot business reported to Fastmarkets MB over the past seven days was transacted within the published range - but offers and indications were seen in the low $33-per-lb range. Spot demand from consumers in the low-grade and high-grade markets has been...


Charlotte Radford

November 09, 2018

21:37 GMT