Cobalt metal is trading at the time of publication in mid-July at prices around an 11-month low since breaking through a price floor just above $15 per lb that had been set in December 2019.
The Covid-19 pandemic has badly affected global industry including the production of cobalt-containing products, and has clouded the outlook for future consumption, outweighing the effects of the supply disruptions that have arisen out of attempts to contain the infection.Alloy and standard grade prices rose by 13% and 11% respectively between January 1 and March 10, supported by consumer and trader restocking, amid a sense that the closure...