China's imports of cobalt metal hit a historical high in August after importers in the country looked to take advantage of noticeable arbitrage opportunities.
A total of 1,130 tonnes of cobalt was delivered to China in August, an increase of 245% from the prior month and 421% higher than the same month of last year, according to Chinese customs data. August's volume is the highest ever in a month.The cobalt metal price in China has held a persistent premium to its European equivalent since July, resulting...