Cobalt metal prices steady; lockdowns and economic uncertainty keep confidence low

Cobalt has continued to trade on either side of $15 per lb so far this week, with thin spot demand, lockdowns and economic uncertainty created by the Covid-19 pandemic limiting scope for gains despite some sellers holding back from the spot market.

Fastmarkets’ daily price assessment for cobalt standard grade, in-whs Rotterdam held at $14.80-15.20 per lb on Wednesday May 20; the price has remained at that level since May 15.
The cobalt alloy grade, in-whs Rotterdam assessment stands at $14.90-15.30 per lb, according to Fastmarkets data; the price moved down to that level on May 19 from $15.00-15.40 per lb previously.
Both assessments are at their lowest since last August.

Spot activity remains thin, leaving some suppliers open...


Charlotte Radford

May 20, 2020

23:33 GMT