Cobalt metal prices underpinned despite weakening demand picture

Spot market prices for standard-grade and alloy-grade cobalt stabilized on Wednesday March 25 after weakening downstream demand continued to provide pressure earlier in the week.

Fastmarkets’ daily price assessment for cobalt standard grade, in-whs Rotterdam held at $16.15-16.55 per lb midweek, unchanged from Tuesday March 24 and down from $16.30-16.70 per lb on March 20.

Fastmarkets’ assessment for cobalt alloy grade, in-whs Rotterdam held on to its narrow premium at $16.30-16.80 per lb on March 25, also unchanged from Tuesday’s assessment but slightly down from $16.40-16.90 at the end of last week.
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Published

Charlotte Radford

March 25, 2020

22:11 GMT

London