Chinese cobalt metal prices moved up slightly in the midweek session, closely following the trend in international cobalt prices.
Metal Bulletin assessed the domestic Chinese cobalt price at 575,000-600,000 yuan per tonne (equivalent to about $34.83-36.34 per lb China VAT-free) on Wednesday January 24, up 0.4% from Friday. The Chinese cobalt market has managed to narrow the price gap with international prices in recent weeks and remains in step with the latter. Metal Bulletin's low-grade cobalt price stood at $36.75-37.4 per lb on January 19, up 0.3% from the previous assessment. The differential between international and Chinese...