Cobalt prices rise for first time in five months

Cobalt prices rose for the first time since late October 2018 at the end of March with traders and consumers restocking.

Fastmarkets' benchmark standard-grade cobalt price assessment was $13.75-14.40 per lb, in-warehouse, on Friday March 29, up 2.2% from the previous $13.30-14.25 per lb on March 27, when they had risen 5 cents at the high end of the range.  Fastmarkets' price assessment for alloy-grade cobalt rose 2.5% to $13.90-14.80 per lb, in-warehouse on Friday, up from $13.50-14.50 per lb two days earlier.  After strong declines in prices over most of the first quarter - fueled by producer pressure to destock and weak consumer demand - sellers held back from...

Published

Charlotte Radford

April 01, 2019

12:23 GMT

London