Standard-grade cobalt trades at premium over alloy on rallying sulfate market

February 02, 2021 / www.metalbulletin.com / Article Link

Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide.

Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two had traded at parity until now after China's State Reserve Bureau-buying last year tightened cut cathode supply.
Fastmarkets' daily price assessment for cobalt standard grade, in-whs Rotterdam is $19.15-20 per lb on Friday, up from $18.65-19.35 per lb on Thursday.

This compares with Fastmarkets' price assessment for cobalt alloy grade, in-whs Rotterdam at $19.15-19.75 per...

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok