Fastmarkets’ benchmark price assessment for
cobalt standard grade, in-whs Rotterdam stood at $24.75-25.65 per lb on Thursday, unchanged from the previous day but up 61% since the start of the year when it was $15.35-16 per lb.
In Thursday's pricing session,
several offers for cobalt metal from funds were reported at the bottom of the range but there was no indication that sellers were panicking and those offers helped return a stable assessment.
European sellers were still holding their offers toward the top of, or above, the range and market sources said fundamentals for the cobalt market continue to unpin the price.
Prices for other commodities, too, have rallied in recent weeks...
