Spot-market activity during the first month of Fastmarkets' daily monitoring of cobalt prices has been slow because of the consequences of the outbreak of the 2019-nCoV coronavirus, and followed small gains in prices during trading in January.
Price moves
Metals prices, for both standard and alloy-grade cobalt, continued to climb, albeit incrementally. Buyers were making frequent inquiries, with the bulk of trading activity concerning low-volume deals for around 5 tonnes or less.
There was
good selling activity for cobalt hydroxide and bullish sentiment earlier in the month, with the price reaching its highest level since October 2019.
The latest price move saw cobalt-hydroxide payables hold short...