Essential Power…Infinite Possibilities

September 17, 2014

Cobalt prices drift as anticipated post-summer pick-up disappoints

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MetalBulletin.com - September 17, 2014 - London
Excerpt from the MetalBulletin Article

Cobalt prices drift as anticipated post-summer pick-up disappoints

Cobalt prices drifted lower mid-week, after post-summer spot demand disappointed waiting producers, sources said.

Producer supplies had been limited for several months, despite it being the traditionally quiet summer period, which can lead to slack demand and lower prices.

Bucking the traditional trend, cobalt prices had held firm at more than two-year highs throughout the summer due to this tightness in producer availability.

Traders, consumers and some producers noted that spot metal demand has been slow this week, given the time of year….

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