Cobalt Struggling to Rally Significantly

MetalBulletin reported that a cobalt market surplus, coupled with wider geographical availability of the metal, has reduced price volatility, but left prices unable to rally substantially.

As quoted in the market news:

More recent ‘rallies’ have been slower, more cautious, and most significantly, have failed to breach $15 per lb. Despite prices recovering some ground in recent weeks, after dipping to a deep summer lull in August, they remain a long way from their 2008 levels of close to $50 per lb.

Click here to read the full MetalBulletin report.