Cobalt prices to Average $16.60/lb in 2011 – CRU Group

CRU Group sees cobalt prices falling in 2011 due to a market surplus.

The editorial is quoted as saying:

“Last year’s advances in cobalt consumption paled in comparison to the expansion of the commodity’s supply base,” said Maartje Collignon, analyst at CRU Group, speaking at the Metal Pages Minor Metals Conference on Wednesday.

To read the full editorial, click here.