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December 19, 2014

Low-grade cobalt price hits its highest level since October

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MetalBulletin.com - December 19, 2014
Excerpt from the MetalBulletin Article

Low-grade cobalt price hits its highest level since October

Low-grade cobalt prices continued to climb this week, hitting an eleven-week high on Friday December 19.

The low-grade low jumped 20 cents from the Wednesday December 17 level to put the range at $14-14.50 per lb, marking the first time since the start of October that the whole market has been trading above $14… The higher numbers were attributed to positive end-user sentiment and strong demand expectations for 2015, as opposed to a pick-up in spot metal demand.

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September 17th, 2014, Cobalt prices drift as anticipated post-summer pick-up disappoints
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January 7th, 2015, Cobalt prices strengthen as year-end pressure to sell subsides