Competition for end-of-quarter sales sees cobalt trading below $40 per lb

By Charlotte Radford / July 02, 2018 / www.metalbulletin.com / Article Link

Prices for both low-grade and high-grade cobalt tipped below $40 per lb in the week ended Friday June 29, with sellers facing continued weak demand and competition for business.

Low-grade and high-grade cobalt prices were assessed on Friday at $39.70-41.00 per lb, in-warehouse, down from $40.35-41.25 per lb at the start of the week."[The market is] dead in terms of people actually booking [material]. When you get liquidity, people jump on it," a trader said."You can really feel that the holiday is [getting close]," a...

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