Low-, High-grade Cobalt Prices Take a Hit

Metal Bulletin reported that profit taking and better producer availability together pushed down international cobalt prices this week.

As quoted in the market news:

Low-grade cobalt prices dropped to $13.80-14.80 per lb on Wednesday April 16, from $14-14.90 on Friday April 11. High-grade cobalt prices dipped at the upper end to $14.10-14.90 from $14.10-15.10. Prices rallied to two-year highs in the first quarter of 2014, on tight producer supplies and strong spot demand.

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