Cobalt buyers held back as much as they could last week as prices continued to fall, with good availability of cut cathode creating the expectation that cheaper prices will still be available in the coming weeks.
"There's still a lot being offered - it's just relentless. It's a massive buyers' market," a trader source said. Fastmarkets' benchmark standard-grade cobalt price assessment stood at $17.70-19.75 per lb, in-warehouse Rotterdam, on Friday February 8, down from $17.85-19.95 per lb on February 6 and $18.75-20.35 per lb on February 1. Fastmarkets' price assessment for alloy-grade material fell to...