Standard-grade cobalt trades at premium over alloy grade amid tight supply

Standard-grade cobalt metal was trading at a premium over alloy-grade for the first time since March on Monday September 20 amid spot demand in Europe for tightening briquette and broken cathode supply.

Fastmarkets' daily price assessment for cobalt standard grade, in-whs Rotterdam was $24.60-25.00 per lb on Monday, up from $24.45-25.00 per lb on the previous Friday.
This marks the first time the standard-grade market high end has hit $25.00 per lb since August 13.

Fastmarkets' daily price...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold