Market Sentiment Unchanged, Say Cobalt Conference Attendees

MetalBulletin reported that attendees of the Nickel & Cobalt Conference, held recently in Chengdu, China, said that they have seen no signs of improvement in cobalt market sentiment in the last two years.

As quoted in the market news:

‘The industry has been consolidating for three years, but it is still not the end of the battle,’ a major producer said on the conference sidelines. Local smelters have been slashing prices for metal. ‘In the past, there used to be reasonable price gaps between major local brands and [more expensive] imported brands like Chambishi [from Zambia], but now, as local brands cut prices, it is becoming a bit difficult for us to sell,’ a metal importer told Metal Bulletin. The price gap between Chambishi and major local brands has narrowed to about 10,000 yuan ($1,630) per tonne, from 20,000 yuan per tonne previously.

Click here to read the full MetalBulletin report.