Trader buying, consumer restocking drive cobalt price momentum

June 26, 2021 / www.metalbulletin.com / Article Link

The standard grade cobalt metal price rally continued through to the final assessment of the week on Friday June 25, pushed higher by a mix of consumer and trader buying.

Units are in strong hands and traders are aggressive with offers, often looking to hit above the range for any inquiries of 10 tonnes or more.
The number of inquiries is consistent and traders continue to pick up units - helping the price move higher.

Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $21.60-22.65 per lb on Friday, up from...

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