TSXV:FCO.H - Post by User
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JulianAssangeon Jul 21, 2016 8:10am
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China's Cobalt Market Heating Up...Traders Start Hoarding
China's Cobalt Market Heating Up...Traders Start Hoarding China's cobalt market heats up in hopes for higher prices later on
China’s cobalt market heated up this week, on rising anticipation that global prices would see further gains.
On Wednesday July 20, Metal Bulletin assessed local cobalt metal at between 189,000-206,000 yuan ($27,875 - 30,872) per tonne, compared with 188,000-206,000 yuan per tonne last week. In the week, however, most traders raised their offers, and some even started hoarding. The price hikes came despite the approaching summer, which is usually a period of sluggish demand for the blue metal, showing improving market sentiment after recent gains in the global market. "The market consensus is that an upside rally has started...
https://www.metalbulletin.com/Article/3572194/Search-results/Chinas-cobalt-market-heats-up-in-hopes-for-higher-prices-later-on.html?term=cobalt&onlyCurrent&filters=%7B%22dates%22:%5B%22last%2024%20hours%22%5D%7D