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MetalBulletin reported that as traders held off selling cobalt, anticipating further upside, cobalt prices continued to rise this week.
MetalBulletin reported that as traders held off selling cobalt, anticipating further upside, cobalt prices continued to rise this week.
As quoted in the market news:
Low-grade cobalt reached $12.50-14 per lb on Wednesday September 4, up from $12.10-13.75 on Friday August 30. High-grade cobalt inched up to $12.60-14.40 after sales, although limited in terms of the number of enquiries, were concluded across a huge range. High-grade cobalt was at $12.40-14.20 per lb earlier. Sellers hiked their offer prices, hoping for increased demand in September, while several traders resisted offering.
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