Cobalt prices continued their steady ascent last week, while opportunities to pick up more cheaply-priced units ran thin.
But slower spot activity ahead of the Chinese New Year holiday and buyers' reluctance to overstock at high prices served to limit the pace of the rally, market sources noted. Metal Bulletin assessed low-grade cobalt prices at $37.25-38.50 per lb, in-warehouse, on Friday February, 2, rising from $37-38.40 per lb midweek,...