Cobalt hydroxide prices rose recently despite weakness in downstream salt prices in the domestic Chinese market, as ongoing disruptions and delays at port operations in South Africa have prompted sellers to keep their offers firm and take advantage of spot sales where buyers need prompt availability.
Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China was 88-92% of Fastmarkets' standard-grade cobalt price (low-end) on Wednesday August 4, widening up from 88-89% previously, where the indicator had held since June 9.By shipping material from stock held in Asia, the...