China's State Reserve Bureau (SRB) is likely to use a floating price to settle its latest round of cobalt metal stockpiling, according to a market source close to the matter.
The SRB sent invitations to a handful of cobalt metal producers in China for a tender on Wednesday September 9; the tender was completed during the morning of Thursday September 17, according to a market source.No concrete details of the total volume that the reserve authority purchased had been made available at...