Fastmarkets’ benchmark daily price assessment for cobalt, standard grade, in-whs
was $16.40-16.75 per lb on Wednesday March 18, down by $0.55-0.60 per lb or 3.2% from $17-17.30 per lb on March 13.
Weak sentiment has also meant sellers are less concerned with acquiring a premium for particular brands of metal - some of which are still in tight supply in theory.
Declines in the price for cobalt, alloy grade, in-whs
have therefore been more pronounced, with Fastmarkets’ latest assessment placing it at $16.50-17.15 per lb on Wednesday. This marks a decrease of $1.05-1.10 per lb or 6% from $17.60-18.20 per lb on March 13.
“To be honest it was a question of time. I don't see...