Cobalt hydroxide payables narrowed upward during the first half of this week with lower numbers fading while buyers continued to stock up.
Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China tightened to 79.5-81% of the price for cobalt standard grade on Wednesday November 11, from 79-81% on November 6.Payables have risen gradually from 77.5-78.5% on October 9, according to Fastmarkets data, amid continued restocking interest from refineries...