Low- and High-grade Cobalt Prices Lower this Week

MetalBulletin reported that cobalt prices have moved lower this week as a result of traders attempting to gain the interest of “hotly-contested consumer businesses.”

As quoted in the market news:

Low-grade cobalt slid to $12.80-13.55 per lb on Friday October 18, from $13-13.55 per lb on Wednesday October 16. High-grade cobalt dropped to $13.15-14 per lb from $13.35-14.20, on a lack of consumer interest and lower offer prices. A large low-grade consumer business was transacted around $12.75, after a trader fought off strong competition in the USA.

Click here to read the full MetalBulletin report.