Cobalt metal trades at parity again; Chinese buyers still inactive

The price of alloy-grade cobalt metal remained steady day-on-day on Thursday February 18, while the price of standard-grade cobalt moved higher, drawing the two price assessments back into parity, amid thin trading and with Chinese buyers still absent from the market.

Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam, was $22.95-23.75 per lb on February 18, up from $22.90-23.35 per lb the day before.
This brought the midpoint of the price range to the level where it closed the discount against alloy-grade material.

The alloy-grade price was flat, with market participants seeing no softening of...

Published

Michael Greenfield

February 18, 2021

18:53 GMT

London