The price of alloy-grade cobalt was unchanged day-on-day in the assessment on Thursday January 21, breaking a two-and-a-half-week rally, after Chinese buying activity subsided and European demand did not push prices further along.
Fastmarkets' price assessment for cobalt, alloy grade, in-whs Rotterdam, remained at $18.00-18.50 per lb on Thursday. But this price was up by 14.4% from $15.60-16.30 per lb at the start of the year.There was little business in today's alloy-grade market. One small-tonnage transaction was heard at $18.15 per lb, which was in stark contrast to the first two weeks of the year, which saw plenty of deals and inquiries for volumes of 20...