Fabled Silver Gold Corp T.FCO

⬆️😀⬆️Spot Cobalt Prices Continue to Rise⬆️😀⬆️

[JulianAssange]

Ambatovy concerns, end-user demand push cobalt prices higher

Spot cobalt prices continued to rise last week as demand strengthened following the Christmas and New Year break, overpowering the temptation for profit-taking after a rallying end to 2017.

Low-grade cobalt prices posted the more significant increase over the course of week, buoyed by concerns that delays to a restart at the Ambatovy joint venture in Madagascar could further intensify tightness for low-grade units in the near term.  Metal Bulletin’s low-grade cobalt price assessment rose to $36-37.40 per lb, in-warehouse, on Friday January 12, up from $35.75-37.40 per lb midweek, and $35.50-37 per lb on January 5. The restart to production at the Ambatovy nickel-cobalt venture has been delayed

https://www.metalbulletin.com/Article/3780743/Search-results/Ambatovy-concerns-end-user-demand-push-cobalt-prices-higher.html