TSXV:FCO.H - Post by User
Post by
JulianAssangeon Aug 22, 2016 10:46am
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Post# 25163736
Cobalt Supplies Drying Up
Cobalt Supplies Drying Up Cobalt prices stabilise after rally as volumes thin
Cobalt prices stabilised last week, as the market consolidated after recent rises.
Low-grade cobalt prices remained at $11.95-12.55 per lb on Friday August 19, while high-grade prices held at $12.40-12.90. Traded volumes thinned after a recent flurry of activity, but several sources said that supplies remained tight. Some market participants said that finding material in the $11s had become impossible, while others still saw this figure as achievable, after a large tender – which could have been met with below specification material – went at around $11.75 per lb earlier in the week. Availability has been limited...
https://www.metalbulletin.com/Article/3579737/Search-results/Cobalt-prices-stabilise-after-rally-as-volumes-thin.html?term=cobalt&onlyCurrent&filters=%7B%22dates%22:%5B%22last%2024%20hours%22%5D%7D