Cobalt rebound slows but underpinned by nearby tightness

Cobalt prices continued their recovery on Wednesday April 17, although gains were more muted than in recent weeks as buyers assessed their restocking needs after recent price increases.

Fastmarkets assessed standard-grade cobalt prices at $15.60-16.75 per lb, in-warehouse, on April 17, up from $15.35-16.75 per lb previously.    Alloy-grade prices rose to $16.85-17.65 per lb, up 20 cents on the low and high ends of the range compared with the previous assessment. Alloy and standard-grade cobalt prices are up 25% and 17% respectively since March 27, but gains have slowed over the past two assessments due to a lot of available material being taken out of the market by aggressive restocking since the end of...

Published

Charlotte Radford

April 18, 2019

09:57 GMT

Shanghai