Spot payables for cobalt hydroxide consolidated at four-month highs last week, with support from sellers' continued cautious approach to additional sales outside long-term agreements.
Fastmarkets' cobalt hydroxide payable indicator min 30% Co, cif China held at 66-68% on Friday July 10, its highest level since March 11 (taking the mid-point of the range)."Our available tonnage is still pretty minimal; the demonstrations in South Africa have backed things up a bit, and some material is having to be reshuffled on to other shipping lines. For the sake of fulfilment, we have...