Cobalt metal prices steady; lockdowns and economic uncertainty keep confidence low

Cobalt has continued to trade on either side of $15 per lb so far this week, with thin spot demand, lockdowns and economic uncertainty created by the Covid-19 pandemic limiting scope for gains despite some sellers holding back from the spot market.

Fastmarkets' daily price assessment for cobalt standard grade, in-whs Rotterdam held at $14.80-15.20 per lb on Wednesday May 20; the price has remained at that level since May 15.
The cobalt alloy grade, in-whs Rotterdam assessment stands at $14.90-15.30 per lb, according to Fastmarkets data; the price moved down to that level on May 19 from $15.00-15.40 per lb previously.
Both assessments are at their lowest since last August.

Spot activity remains thin, leaving some suppliers open...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain