COBALT SNAPSHOT: Prices consolidate gains; buying slows to await further restocking

Key data from the August 23 pricing session in London.

Key drivers: - Cobalt prices consolidated their recent gains, with traders continuing to restock in anticipation of tightness resulting from the closure of the Mutanda mine in the Democratic Republic of Congo at the end of the year. - Modest consumer buying took place at similar price levels, but characterized by smaller volume deals. End-users were reluctant to overstock...

Published

Charlotte Radford

August 23, 2019

20:30 GMT

London