Fastmarkets’ assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China
was 88-92% of Fastmarkets’ standard-grade cobalt price (low-end) on Wednesday August 4, widening up from 88-89% previously, where the indicator had held since June 9.
Fastmarkets’ assessment of the cobalt hydroxide index 30% Co min, cif China
rose to $21.34 per lb on Friday July 30, up from $19.60 per lb at the beginning of July.
A spot hydroxide sale based on the hydroxide payable indicator was reported on August 4 to Fastmarkets at 92%, with the seller mentioning that the deal was achieved at that level due to a prompt delivery out of Malaysia.
By shipping material from stock held in Asia, the...