Slight improvement in S Africa’s port operations, cobalt hydroxide market uncertain

Ports’ operations in South Africa’s KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.

Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitudes and waited for a clearer direction in the market in the coming weeks.

Spot availability of cobalt hydroxide remained constrained, and no new offers were heard due to widespread violence in South Africa, sources said. Most suppliers warned their customers of possibility of force...


Carrie Shi

July 19, 2021

09:55 GMT