Tightening supply, macro concerns keep cobalt prices steady

Cobalt sellers held firm with their offer prices last week when a round of smaller-tonnage consumer purchases made up the spot market.

Fastmarkets’ price assessment for cobalt, standard grade in-whs Rotterdam stood at $17.75-18.10 per lb on Friday October 18, narrowing from $17.70-18.15 per lb a week earlier. The assessment for cobalt, alloy-grade in-whs Rotterdam was unchanged week on week at $18.10-18.50 per lb on Friday. “The spot market is moving sideways with most people focused on next year,” a consumer source told Fastmarkets. Discussions for the supply of metal and hydroxide are under way, and are expected to be the focus of discussions during LME Week beginning on Monday...


Charlotte Radford

October 21, 2019

11:38 GMT