Cobalt to Sell for $12 to $15 per Pound in 2014, Jinchuan Exec Predicts

Metal Bulletin reported that according to Simon Bao, vice president of Jinchuan Group Marketing Company, prices for cobalt metal are likely to range between $12 and $15 per pound in 2014.

As quoted in the market news:

‘This has become some kind of a circle – traders slash prices when it is hard to sell but when the prices reach a certain low, they become reluctant to sell. Producers have to sell their by-product of cobalt metal, yet when cobalt metal prices are above $15 per lb, all cobalt metal will come out to inundate the market,’ Bao said in a recent interview.

Click here to read the full Metal Bulletin report.