Fastmarkets’ assessment of the cobalt hydroxide payable indicator, min 30% Co, cif China
moved up to 86-88.5% against standard-grade cobalt price (low end) on Wednesday January 6, from 82-83% on January 1. The increase of 5.8% is the biggest one between two pricing sessions since August 2019.
The availability of cobalt hydroxide loaded in January is becoming increasingly tight due to container shortage and logistical bottlenecks, which are not expected to improve until at least late January
or early February, according to supplier sources.
Offers for spot January units have been thinning since late December when suppliers prioritized the delivery of cargoes agreed under long-term contracts. They are still struggling to gauge...