Fastmarkets’ cobalt hydroxide payable indicator min 30% Co, cif China
held at 66-68% on Friday July 10, its highest level since March 11 (taking the mid-point of the range).
Short-lived border closures in Africa, on top of truck driver demonstrations in South Africa
, and tight vessel space are contributing to uncertainty over supply, leaving sellers holding out for higher payables, and buyers coming higher with their bids.
“Our available tonnage is still pretty minimal; the demonstrations in South Africa have backed things up a bit, and some material is having to be reshuffled on to other shipping lines. For the sake of fulfilment, we have...