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April 9, 2014

Strong competition for consumer sales drives cobalt prices lower

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MetalBulletin.com - April 9, 2014 - London, UK

Strong competition for consumer sales drives cobalt prices lower

Cobalt prices dipped this week, after competition for consumer business heated up.

Low-grade cobalt prices dropped to $14-14.90 per lb on Wednesday April 9, down from $14.10-15 per lb previously. High-grade cobalt prices fell to $14.10-15.10 per lb, down from $14.20-15.30 per lb. Both traders and producers expressed an eagerness to sell, having watched prices stabilise for several weeks following the recent rally. One producer reported reducing his…

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