Cobalt hydroxide payables made further gains during the first half of the week while metal prices fell for the first time since mid-July.
Fastmarkets' price assessments for cobalt standard grade, in-warehouse Rotterdam and cobalt alloy grade, in-warehouse Rotterdam stand at parity at $15.50-16 per lb as of the Wednesday October 28 assessment, both narrowing downward from $15.70-16 per lb the day before.The spot metal market has been dominated by small-tonnage inquiries with most demand covered by flexibility within long-term contracts, and buyers reluctant to take...