Essential Power…Infinite Possibilities

January 7, 2015

Cobalt prices strengthen as year-end pressure to sell subsides

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MetalBulletin.com - January 7, 2015
Excerpt from the MetalBulletin Article

Cobalt prices strengthen as year-end pressure to sell subsides

Cobalt prices began 2015 on a stronger note, recovering slightly from a Christmas dip which had resulted from year-end producer pressure to sell.

Low-grade cobalt rose to $13.90-14.75 per lb on January 7, from $13.90-14.50 per lb previously. High-grade prices climbed to $14-14.85 from $13.90-14.70 at the end of 2014. Most saw the price dip at the end of last year as a sign of temporary sales pressure. Trading volumes remained low, but prices were higher in general than those seen at the very end of 2014… …Meanwhile, the market continues to mull the impact of potential supply threats in 2015 such as ENRC possibly stopping production at Chambishi over issues of unpaid tax refunds in Zambia, as well as the anticipated ban this month on exports of DRC concentrates. An update on this ban being implemented or delayed has yet to be announced.

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December 19th, 2014, Low-grade cobalt price hits its highest level since October
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