China’s SRB likely to purchase cobalt on floating price basis - source

China's State Reserve Bureau (SRB) is likely to use a floating price to settle its latest round of cobalt metal stockpiling, according to a market source close to the matter.

The SRB sent invitations to a handful of cobalt metal producers in China for a tender on Wednesday September 9; the tender was completed during the morning of Thursday September 17, according to a market source.

No concrete details of the total volume that the reserve authority purchased had been made available at...

Published

Fastmarkets MB staff

September 17, 2020

12:13 GMT

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