Trading volumes were now at “normal” levels, according to one trader, after two weeks of furious activity when Chinese buyers entered the market to take advantage of the arbitrage after
their country’s government stockpiled the critical raw material.
Fastmarkets’ price assessment for
cobalt standard grade, in-whs Rotterdam, moved up to $17.75-18.50 per lb on Wednesday, widening upward slightly from $17.75-18.30 per lb the previous day.
The latest price was the highest for the product since...
