Standard-grade cobalt trades at premium over alloy on rallying sulfate market

Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide.

Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two had traded at parity until now after China’s State Reserve Bureau-buying last year tightened cut cathode supply.
Fastmarkets’ daily price assessment for cobalt standard grade, in-whs Rotterdam is $19.15-20 per lb on Friday, up from $18.65-19.35 per lb on Thursday.

This compares with Fastmarkets’ price assessment for cobalt alloy grade, in-whs Rotterdam at $19.15-19.75 per...

Published

Michael Greenfield

February 01, 2021

12:19 GMT

London