Cobalt prices edge lower, traders yet to snap up parcels from profit takers

Cobalt metal prices edged down on Thursday April 8, while profit taking, weak consumer demand and wait-and-see attitudes led to a weaker tone in the assessment of the daily benchmark.

The downturn ended a period of flatness that saw the bottom end of the range holding at $22.50/lb since March 26 (although this included two public holidays in the UK on April 2 and April 5 when prices were rolled over).

Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam was $22.25-23/lb on April 8,...

Published

Michael Greenfield

April 08, 2021

18:21 GMT

London