Roskill Predicts Oversupplied Cobalt Market Until 2016

Roskill Information Services Ltd. announced the release of a new report titled Cobalt: Market Outlook to 2018. In the report, the firm notes that it expects the cobalt market to remain in oversupply until 2016; as a result, prices will likely be kept in check in the medium term.

As quoted in the market news:

Roskill expects prices to continue on a slight downward trend in 2014 with the ramping up of new projects in Madagascar andthe Philippines brining additional material into the market and compounding the current oversupply situation.  Thereafter, Roskill expects a modest year-on-year increase in prices with high grade cobalt real prices increasing at roughly 3.6%py to 2018.

Click here to read the full Roskill Information Services Ltd. press release.