Cobalt prices continued to drift lower over past week with buyers holding back from the spot market and stock levels sufficient to offset the initial impact of various supply-side cutbacks resulting from efforts to curb the Covid-19 pandemic.
Fastmarkets' price assessment for cobalt alloy grade, in-whs Rotterdam stood at $16-16.50 per lb on Thursday April 9, unchanged from the previous day and down from $16.20-16.65 per lb at the end of last week.Spot activity in the metal market has been thin as closures down...