Cobalt price solidifies recent gains at $16 per lb and above

Cobalt prices consolidated at higher levels in the second half of the week ended Friday January 17, with traders continuing to restock and consumers looking for inventory top-ups.

The price for cobalt, standard grade, in-whs Rotterdam, rose by 1.55% to $16.00-16.70 per lb on Friday, up from $15.70-16.50 per lb midweek, when it was unchanged from the end of last week.

Fastmarkets’ corresponding price assessment for cobalt, alloy grade, in-whs Rotterdam, rose similarly to $16.50-17.00 per lb, up by 1.36% from the midweek assessment of $16.25-16.80 per...

Published

Charlotte Radford

January 17, 2020

19:25 GMT

London