Cobalt prices up again as traders sense new demand

The upward momentum in cobalt spot prices continued on Thursday June 17 with prices rising for the second consecutive day, and traders becoming aggressive in the market after sensing a return of demand.

Fastmarkets’ price assessment for cobalt, standard grade, in whs Rotterdam, was $20.20-20.95 per lb on Thursday. This was up from $20.10-20.70 per lb the previous day. Business was confirmed at both ends of the range. Once a price of $20.95 per lb had been achieved, the seller immediately raised its offers to $21.00-21.30 per lb, with buyers reported to be coming back for more units...


Michael Greenfield

June 17, 2021

17:10 GMT