Fastmarkets’ price assessments for cobalt standard grade, in-warehouse Rotterdam
and cobalt alloy grade, in-warehouse Rotterdam
stand at parity at $15.50-16 per lb as of the Wednesday October 28 assessment, both narrowing downward from $15.70-16 per lb the day before.
Meanwhile the cobalt hydroxide payable indicator, min 30% Co, cif China
rose to 79-81% on Wednesday, up from 78.5-80.5% on October 23.
The spot metal market has been dominated by small-tonnage inquiries with most demand covered by flexibility within long-term contracts, and buyers reluctant to take...