Cobalt sulfate upturn, renewed investor appetite boost Chinese metal prices

Cobalt metal prices in China continued to rise during the first half this week following strength in local cobalt futures, which are partially being supported by an upturn in the cobalt sulfate market and fresh buying interest from investors.

Fastmarkets’ price assessment for cobalt 99.8% Co min, ex-works China was 240,000-250,000 yuan ($33,839-35,249) per tonne on Wednesday May 13, up by 5,000 yuan per tonne (2.1%) from 235,000-245,000 yuan per tonne on May 8. The latest assessment is equivalent to $13.58-14.14 per lb, excluding value-added tax.

A steady upswing in the May cobalt contract price on the Wuxi Stainless Steel Exchange last week,...

Published

Susan Zou

May 14, 2020

12:27 GMT

Shanghai