Cobalt prices underpinned as sellers hold on to metal units

Cobalt prices held on to their recent gains on Monday February 3, finding support because of the limited supplies of readily available material.

Fastmarkets’ inaugural daily price assessments on February 3 for cobalt standard grade, in-whs Rotterdam, and cobalt alloy grade, in-whs Rotterdam, were unchanged at $16.50-16.90 per lb and $17.40-17.80 per lb respectively. The previous assessments were on January 31.

Prices have been rising steadily over the past few weeks, with buyers understood to be sitting on limited stocks,...

Published

Charlotte Radford

February 03, 2020

15:52 GMT

London