Cobalt hydroxide payables continued to climb in the first half of the week, with buyers accepting higher offers and the market for June and July cargoes tightening considerably after the past two weeks of restocking.
Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China rose to 65-67% of the standard-grade metal price (low-end) on Wednesday May 27, up from 64-66% on Friday May 22.Consumers in China have been working through inventories that were...