Cobalt buyers pay a premium for tight alloy-grade units; standard-grade tracks higher

Alloy-grade cobalt prices maintained their premium over standard-grade during the first half of this week amid a limited supply of cut cathode for spot market inquiries.

Fastmarkets assessed the standard-grade cobalt price at $15.90-16.95 per lb, in-warehouse, on Wednesday April 24, up 1.5% from the previous week’s assessment. 
Alloy-grade metal continued to trade at a premium but saw slightly less pronounced gains. Fastmarkets’ assessment rose to $17-17.80 per lb yesterday, up 0.9% from the previous range.

Cobalt prices have recovered since the end of March, when they sat at 26-month lows, because traders and consumers have started to replenish stocks, but alloy-grade prices have led the way higher due to limited...

Published

Charlotte Radford

April 25, 2019

11:50 GMT

London