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MetalBulletin reported that anticipation of increased demand next month has continued to push cobalt prices up this week.
MetalBulletin reported that anticipation of increased demand next month has continued to push cobalt prices up this week.
As quoted in the market news:
Low-grade cobalt prices reached $12.10-13.75 per lb, up from $11.75-13.40 per lb on Wednesday, and significantly higher than the four-month low of $11.45-13 per lb where it was sitting just a week and a half earlier. High-grade cobalt stabilised at $12.40-14.20 per lb, after a few days of limited activity. Business was transacted as low as $12.40 per lb for high-grade material, and as high as $13.75 per lb for low grade.
Click here to read the full MetalBulletin report.
