Low-grade Cobalt Hits 29-month High

Metal Bulletin reported that on July 25, low-grade cobalt prices reached their highest level in 29 months. The spike has encouraged sellers to put their wares on the market.

As quoted in the market news:

Low-grade cobalt reached $14.45-15.25 per lb on Friday, up from $14.25-15.05 on Wednesday July 23. High-grade cobalt stabilised at Wednesday’s 29-month high of $15-15.50 per lb. London Metal Exchange cash cobalt settled at $32,250-33,250 per tonne ($14.63-15.08 per lb) during official trading on Friday, its highest ask price since January 2012.

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