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Sogosohubidu201on Sep 02, 2019 2:43pm
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Cobalt price rally to six-month high - $17.5 per lb
Cobalt price rally to six-month high - $17.5 per lbhttps://www.reuters.com/article/europe-cobalt-prices-idUSL5N25T3BW
BENGALURU, Sept 2 (Reuters) - Cobalt prices have scaled a six-month peak on expectations of shrinking supplies after top producer Glencore announced plans to shut its Mutanda mine in the Democratic Republic of Congo.
Cobalt COB-CATH-LON rose to $17.5 per lb in the past week, a gain of more than 30% since early August, when commodity trader and miner Glencore said Mutanda would close from the end of this year for two years.