Renewed demand in Europe since the middle of June led to an increases in international cobalt benchmark prices and has revived bullish sentiment, leading to a new round of increase in cobalt prices in China.
Fastmarkets’ price assessment for cobalt, standard grade, in whs Rotterdam
, was $21.00-21.90 per lb on Thursday. This was up from $20.80-21.50 per lb on Wednesday and up from 19.8-20.50 per Ib on June 11 when prices began to rise.
Cobalt sulfate producers in China have been trying to raise their offers since early June on...