Cobalt metal price rally loses momentum; alloy grade price flat

The price of alloy-grade cobalt was unchanged day-on-day in the assessment on Thursday January 21, breaking a two-and-a-half-week rally, after Chinese buying activity subsided and European demand did not push prices further along.

Fastmarkets’ price assessment for cobalt, alloy grade, in-whs Rotterdam, remained at $18.00-18.50 per lb on Thursday. But this price was up by 14.4% from $15.60-16.30 per lb at the start of the year.

There was little business in today’s alloy-grade market. One small-tonnage transaction was heard at $18.15 per lb, which was in stark contrast to the first two weeks of the year, which saw plenty of deals and inquiries for volumes of 20...

Published

Michael Greenfield

January 21, 2021

18:42 GMT

London