FOCUS: Low China cobalt price spurs speculative buying; market participants doubt rebound

A multi-year low in the cobalt metal price in China triggered the speculative buying witnessed over the week to July 12, which is likely to be followed by restocking activity in the spot market, Fastmarkets learned.

Fastmarkets’ assessment of the price for cobalt 99.8% Co min, ex-works China was at 210,000-230,000 yuan ($12.27-13.43 per lb, minus China VAT) per tonne on Friday July 12, down nearly...

Published

Susan Zou

July 17, 2019

15:15 GMT

Shanghai