Cobalt producers have attempted to raise their offer prices or have held back from sales since the start of July when they
found it increasingly difficult to secure spot market supplies of cobalt hydroxide, the key raw material for produce cobalt salts, with feedstock suppliers either warning of limited spot availability or shying away from offering due to low benchmark metal prices.
Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China - the percentage payable of Fastmarkets’ standard-grade cobalt price (low end) - rose to 70-71.5% on July...
