Cobalt trades at sub-$20 per lb on oversupply pressure

Cobalt prices slumped to near two-year lows last week before stabilizing after a psychological move through $20 per lb incited an improved level of spot inquiries.

Fastmarkets’ standard-grade cobalt price ended the week at $19-21.15 per lb, in-warehouse, compared with $19-21.40 per lb midweek. Prices had slumped by 9.5% two days earlier.  Alloy-grade cobalt prices were slightly lower at $19-21 per lb, in-warehouse, on Friday January 25, from $19-21.40 per lb to days earlier. Fastmarkets’ assessment had started the week at $20.50-22.50 per lb. The differential between the grades re-established itself in the second half of the week with cut cathode easier to come by than...

Published

Charlotte Radford

January 28, 2019

14:37 GMT

London