Cobalt consumers look to increase contractual tonnages; spot prices rise again

Cobalt prices rose again on Wednesday April 10 as buyers have continued to restock while encountering newfound metal tightness into the second quarter of this year.

Fastmarkets assessed the standard-grade cobalt price at $15.30-16.75 per lb, in-warehouse, on Wednesday, up by 4.4% from $14.50-16.20 per lb in the previous assessment on April 5. The price for alloy-grade material rose further; Fastmarkets assessed the alloy-grade cobalt price at $16.50-17.30 per lb, in-warehouse, on Wednesday, up by 6% from $15.15-16.75 per lb at the end of last week. The increase reflecting tightness for cut cathode, which was well sold at aggressive prices in the first quarter. The pace of recovery – the benchmark low of the standard-grade metal price has risen from $13.30 per lb as recently as March 27 – has seen...

Published

Charlotte Radford

April 11, 2019

03:51 GMT

Shanghai