The continuing upward trend in global standard-grade cobalt benchmark prices is inspiring optimistic sentiment across the market and supporting domestic cobalt sulfate and tetroxide prices in China, sources told Fastmarkets this week.
Renewed demand in Europe since the middle of June led to an increases in international cobalt benchmark prices and has revived bullish sentiment, leading to a new round of increase in cobalt prices in China.Cobalt sulfate producers in China have been trying to raise their offers since early June on...