GREY:MLKKF - Post by User
Post by
Aurelianon Jul 30, 2014 4:49pm
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Post# 22795962
Trading 0,10$-0,12$ next Weeks
Trading 0,10$-0,12$ next Weeks We fly on 14.08
Very good Q2 !
Cobalt prices hit 29-month highs
July 28, 2014 - 12:11 GMT Location: London
KEYWORDS: Cobalt , prices , London Metal Exchange
Cobalt sellers have been celebrating signing numerous spot deals above $15 per lb for the first time in years.
Low-grade prices reached their highest level in 29 months on Friday July 25, and holders of stock in Asia and Europe have been encouraged to sell by the recent rally. Low-grade cobalt reached $14.45-15.25 per lb on Friday, up from $14.25-15.05 on Wednesday July 23. High-grade cobalt stabilised at Wednesday's 29-month high of $15-15.50 per lb. London Metal Exchange cash cobalt settled at $32,250-33,250 per tonne ($14.63-15.08 per lb) during official trading on Friday, its highest ask price since January 2012. Several producers are well sold, having either offloaded ahead of the traditionally slower summer months of...