Outright cobalt hydroxide prices continued to rise over the past fortnight, but gains were capped after consumers demonstrated less urgency in their need to restock the material.
Fastmarkets' cobalt hydroxide index 30% Co min, cif China was at $11.89 per lb on Friday September 4, up by 7 cents per lb (0.6%) from $11.82 per lb on August 21."If you calculate the production cost for cobalt sulfate based on a cobalt hydroxide import cost of $12 per lb, refineries are still able to balance their book considering current sulfate...