Cobalt Prices See Little Movement as Market Awaits CDI Conference

MetalBulletin reported that both low- and high-grade cobalt prices are steady as market players wait for direction from the Cobalt Development Institute conference scheduled for next week. Prices for low-grade cobalt sit between $12.50 and $14 per pound, while high-grade prices are between $12.90 and $14.10 per pound.

As quoted in the market news:

London Metal Exchange cobalt was trading at $27,200/28,000 per tonne ($12.33/12.70 per lb), a slight premium on the asking price to the Metal Bulletin low-grade-low. Open market business was confirmed as low as $12.50 and as high as $13.80.

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