The cobalt intermediates spot payable has surged to 90% on the high end - a fresh historical high - this week against the backdrop of tight supply and healthy demand.
Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China rose to 88-90% against the standard-grade cobalt metal price (low end) on Wednesday January 13, up by 2% from 86-88.5% on January 8. The latest assessment sets a new record high since Fastmarkets launched the indicator in January 2019.The South African...