The rally in the benchmark cobalt price slowed in September with aggressive trader stockpiling drying up, amid limited restocking appetite from consumers after the summer break.
Although the majority of consumer inquiries comprised 5-10 tonnes instead of large tonnages, the metal prices were well enough underpinned due to fairly limited metal availability in tight hands
and persistent strength in Chinese salts prices.
The cobalt sulfate price continued the strong uptick
in September, buoyed by healthy demand ahead of China’ National Day holiday (October 1-7) and tight spot availability.
Sulfate producers made aggressive offers while holding back from large-tonnage sales amid concerns that the rally in the price of cobalt...