Key data from the Wednesday May 9 pricing session in Shanghai.
Cobalt metal - Falling cobalt metal futures prices in China dampened sentiment in the domestic spot market, resulting in lower spot quotations.- The May cobalt contract price on the Wuxi Stainless Steel Exchange in China closed at 573,500 yuan ($90,028) per tonne on Wednesday, down from 623,500 yuan per tonne a week earlier.- Sentiment weakened further on the news that Jinchuan Group had lowered its official spot offer price by 30,000 yuan per tonne on Wednesday. Jinchuan's official spot offer price is widely regarded as an important gauge for the direction of the domestic spot market.- Spot trading has...