Cobalt alloy premium emerges after profit-taking in standard grade

The price of alloy-grade cobalt has risen above that for its standard-grade counterpart for the first time in six weeks, Fastmarkets heard on Thursday April 1, with cheap standard-grade parcels available from sellers looking to take profit.

This situation bucked a recent trend where standard-grade metal had been trading mostly at a premium due to strong demand for briquettes downstream.
Broken cathodes and cut cathodes were both available at $21.50 per lb on Thursday, according to several market participants, with one trader reporting a 5-tonne purchase at that price.

That deal was made at a $1 per lb discount to the low...

Published

Michael Greenfield

April 01, 2021

19:30 GMT

London