Cobalt hydroxide payables edge higher in tight spot market

Spot cobalt hydroxide payables edged higher in the first half of the week, supported by tight supply and firm bids.

Fastmarkets’ cobalt hydroxide payable indicator, min 30% Co, cif China rose to 65-67% of the standard-grade metal price (low-end) on Wednesday June 24, compared with 65-66.5% on June 19.

Spot liquidity was thin ahead of China’s Dragon Boat Festival holiday (June 25-27), though a number of buyers indicated their intention to top...

Published

Charlotte Radford

Susan Zou

June 24, 2020

20:27 GMT

Shanghai, London