Battery Metals

MetalBulletin reported that cobalt prices improved Friday as buyers purchased large tonnages.

MetalBulletin reported that cobalt prices improved Friday as buyers purchased large tonnages.

As quoted in the market news:

Low-grade prices climbed to $11.45-13.20 per lb, as the range widened from $11.45-13 on Wednesday August 21. High-grade cobalt reached $12.15-13.65, having dipped to $12-13.50 on Wednesday. Business was confirmed above $14 for both one high-grade sale and one low-grade sale, with sellers noting that supply is limited. ‘Physically, the market situation is tight,’ a producer, who anticipates Chinese interest in metal due to a potential lack of intermediates and raw materials, said.

Click here to read the full MetalBulletin report.

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