Cobalt prices make slight gains amid increased metal inquiry

Benchmark prices for cobalt metal nudged higher on Tuesday July 28 on increased buying interest, higher bids and positive cues from the hydroxide market.

Fastmarkets’ price assessment of cobalt standard grade, in-whs Rotterdam was $13.75-14.15 per lb on Tuesday, up 10 cents on the high end from $13.75-14.05 per lb, where it had held since July 15.
Cobalt alloy grade, in-whs Rotterdam was assessed at $13.80-14.20 per lb, also up 10 cents on the high end from $13.80-14.10 per lb, likewise previously unchanged since July 15.

Some sellers continued to take bids at $13.75 per lb earlier today, but buying...

Published

Charlotte Radford

July 28, 2020

20:19 GMT

London