Low and high grade cobalt prices converged and continued to rise last week, amid heightening tightness for broken cathode and sellers' reluctance to offer to spot inquiries.
High and low-grade cobalt prices were both assessed at $39.50-40.75 per lb, in-warehouse, on Friday March 9. The two grades were last assessed at parity on December 1. The high-grade price increased from $39.40-40.45 per lb on Wednesday March 7, while low-grade prices rose from $39.25-40.40 per lb at the midweek assessment. Prices built on their midweek gains, despite concerns that prices above...