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August 20, 2014

High-grade cobalt prices dip; low-grade cobalt prices stable

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MetalBulletin.com - August 20, 2014 - London

High-grade cobalt prices dip; low-grade cobalt prices stable

High-grade cobalt prices fell this week, after a drop in consumer enquiries led to some sellers reducing offer prices in August.


Excerpt from the August 20, 2014 MetalBulletin Article

High-grade cobalt prices fell to $14.90-15.90 per lb, while low-grade cobalt prices remained at $14.45-15.45…It’s a real summer lull - but it’s what you’d expect. Nickel is shocking too. There are hardly any consumers around,” a trader said. Others argued that the lack of significant price falls over the summer was a bullish signal for cobalt as it could lead to price rises in September. “The market was well supported over the summer. It came off a bit, but it didn’t collapse, and there is interest now,” a second trader said….

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