Has the Cobalt Price Reached its Floor?

Metal Bulletin reported that some market participants think the cobalt price may have reached its floor. The price of the metal has stabilized for the last two weeks.

As quoted in the market news:

Low-grade cobalt remained at $13.40-14.10 per lb on Wednesday November 26, while high-grade prices stuck at $13.50-14.40. Prices have been falling since the summer, bucking the post-summer rising trend typically seen at this time of year. At the start of August, low-grade cobalt stood at $14.65-15.50 per lb, but prices have been in gradual decline since then.

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