A brief overview of cobalt price developments, supply and demand and significant market movers.
Western cobalt prices have so far fallen in October compared to September, data from Metal-Pages shows.
99.6 percent cobalt averaged $13 per pound on the low side and $13.75 per pound on the high side until October 16, compared with an average low of $13.08 per pound and a high of $13.85 per pound in September.
99.8 percent cobalt, which is used for aerospace applications, averaged $13.17 per pound on the low side and $14.04 per pound on the high side until October 18, compared with the September average low of $13.50 per pound and high of $14.47 per pound.
Prices for Chinese cobalt, minimum 99.8 percent electrolytic metal, rose slightly in October, averaging 216 yuan (US$34.29) per kilogram on the low side and 220 yuan ($34.93) per kilogram on the high side until October 16. In September, prices averaged 211.13 yuan ($33.55) per kilogram on the low side and 213.75 yuan ($33.93) per kilogram on the high side.
In company news, Baja Mining (TSX:BAJ) said its Korean consortium has advanced an additional $13.3 million for the construction of its Boleo project in Mexico.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1827.54 | +0.47 | |
Silver | 21.15 | +0.03 | |
Copper | 3.74 | 0.00 | |
Palladium | 1879.51 | +6.50 | |
Platinum | 911.26 | +4.32 | |
Oil | 107.06 | +2.79 | |
Heating Oil | 4.24 | +0.02 | |
Natural Gas | 6.17 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â