CHINA COBALT SNAPSHOT: Rallying futures boost Chinese cobalt metal price

By Susan Zou / March 19, 2018 / www.metalbulletin.com / Article Link

Key data from the Friday March 16 pricing session in Shanghai.

Cobalt Metal MB China domestic min 99.8% RMB/tonneKey drivers- The Metal Bulletin-assessed Chinese cobalt (min 99.8%) price jumped to 665,000-680,000 yuan per tonne (equivalent to $40.72-41.64 per lb, ex-China value-added tax) on March 16, supported by the lingering momentum of a rally in cobalt futures prices seen since early last week.- The May cobalt contract price on the Wuxi Stainless Steel Exchange, a local futures platform in China, surged to 683,000 yuan ($107,762) per...

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