The trader-miner cited a 58% year-on-year drop in cobalt prices in the first half of 2019, referencing Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam
, which averaged $17 per lb in the first half of 2019.
Fastmarkets' cobalt hydroxide index min 30% Co, cif China
was last calculated at $8.58 per lb, down from $11.05 at its launch in February.
The loss will be primarily non-cash because the...