Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam
rallied to $20-21.55 per lb on Tuesday, up from $19.40-20.30 per lb on Monday, and an increase of 4.7% on the day.
The price assessment for cobalt alloy grade, in-whs Rotterdam
moved up to $20-21 per lb on Tuesday, compared with $19.40-20 per lb a day earlier, a gain of 4.1%.
Material is in tight hands and the market comfortably-sold, market sources said, following stockpiling by China’s State Reserve Bureau
late last year, and opportunities taken to ship and sell metal in China
, where premiums have been available at various points over the past six months.
“There are some stockpiles out there but...