Cobalt prices rose for the first time since late October 2018 at the end of March with traders and consumers restocking.
Fastmarkets' benchmark standard-grade cobalt price assessment was $13.75-14.40 per lb, in-warehouse, on Friday March 29, up 2.2% from the previous $13.30-14.25 per lb on March 27, when they had risen 5 cents at the high end of the range. Fastmarkets' price assessment for alloy-grade cobalt rose 2.5% to $13.90-14.80 per lb, in-warehouse on Friday, up from $13.50-14.50 per lb two days earlier. After strong declines in prices over most of the first quarter - fueled by producer pressure to destock and weak consumer demand - sellers held back from...