The cobalt market has consolidated recent gains and sellers are now looking at an anticipated return of consumer demand in Europe to stoke further price increases, but not all market participants are certain this will materialize.
Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam stood at $15.25-15.50 per lb on Friday August 21, unchanged from the previous day.Some market participants are bullish about the amount of consumer demand they anticipate believing consumers have destocked and that buyers will rush to the market having seen the price rise over the period they...