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Cobalt to Sell for $12 to $15 per Pound in 2014, Jinchuan Exec Predicts
Dec. 03, 2013 11:36AM PST
Battery Metals Investing
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.
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.
