Cobalt prices post cautious gains amid improved January visibility

Cobalt metal prices nudged higher during the first half of the week amid a slight improvement in spot inquiries but limited visibility on metal demand for 2021 is keeping the lid on more substantial gains, sources told Fastmarkets on December 16.

Fastmarkets' price assessments for cobalt standard grade, in-whs Rotterdam and cobalt alloy grade, in-whs Rotterdam remained trading at parity and moved to $15.60-16 per lb on December 16.
Both are up from $15.50-15.90 per lb at the end of the week to December 11 but down - taking the midpoint of the range - from $15.55-16.10 per lb where prices sat on December 14 and 15.

Market sources reported a modest spike in inquiries...

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