Chinese cobalt tetroxide prices have risen steadily over the past week due to increased demand from downstream consumers.
Metal Bulletin assessed the China cobalt tetroxide price, basis 72.6% cobalt, at 430,000-460,000 yuan ($68,040-72,787) per tonne on Friday January 26, narrowing upward from a range of 410,000-460,000 yuan per tonne previously. This was also 19% higher than the range of 370,000-380,000 yuan per tonne assessed on December 29, 2017.Sluggish demand in China had kept domestic cobalt tetroxide prices subdued since late last year, even as international prices for the material soared in December.Low-grade cobalt prices, which...