Fastmarkets’ price assessment for
cobalt sulfate 20.5% Co basis, exw China rose to 70,000-74,000 yuan per tonne ($10,812-11,430) on Wednesday, up by 2,000-4,000 yuan per tonne (4.3%) from 68,000-70,000 yuan per tonne on January 22.
The battery raw material price is now at a level last reached in November 2018 after continuing to build upon the strong gains achieved since the beginning of the year.
Suppliers managed to conclude business at higher levels this week amid tight spot availability, which may not ease...
