Fastmarkets assessed the price of cobalt 99.8% Co min, exw China
at 270,000-280,000 yuan per tonne ($15.39-15.96 per lb, excluding China value-added tax) on Wednesday, down by 2.1% from 276,000-286,000 yuan per tonne on August 9, the first decrease since beginning an uptrend in mid-July.
On the same day, Fastmarkets’ benchmark cobalt standard grade, in-whs Rotterdam price
jumped to $14.65-15.70 per lb, up by 11% compared with last Friday’s assessment of $13.05-14.30 per lb.
If taking both low-end prices into consideration, China’s domestic metal price, minus VAT, was at a premium of $0.71 per lb against the standard-grade European price on Wednesday, narrowing from a premium at $2.67 per lb on August 9 - the largest...