Cobalt Struggling to Rally Significantly

- September 17th, 2013

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.

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.

Get the latest Cobalt Investing stock information

Get the latest information about companies associated with Cobalt Investing Delivered directly to your inbox.

Cobalt Investing

Select None
Select All

Tags

Leave a Reply