Cobalt Prices Continue Upward Push

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.

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