International spot cobalt metal prices stabilize, with buying interest waning ahead of holiday break

International spot cobalt metal prices have started to stabilize in the week ahead of the holiday period, with little buying interest seen from both intermediaries, sources said.

Nonetheless, offers have remained firm as sellers expect the quiet period to be short-lived.
Fastmarkets assessed the price of cobalt standard grade, in-whs Rotterdam at $32.70-33.75 per lb on Tuesday December 14. The price has held steady at this level for three consecutive sessions.
This is the highest spot price assessment for this market in at least three years, Fastmarkets historical data has shown.



Dalila Ouerghi

December 14, 2021

16:52 GMT