TSXV:FCO.H - Post by User
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JulianAssangeon Aug 09, 2017 3:35pm
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↗️China’s Cobalt Price Inches Higher on Speculative Buying↖️
↗️China’s Cobalt Price Inches Higher on Speculative Buying↖️ The price of cobalt metal in China has moved up slightly this week, largely driven by traders’ speculative buying, despite sluggish demand from downstream during the summer lull.
China’s cobalt metal price moved up to 410,000 to 430,000 yuan per tonne (equivalent to $23.72-24.88 per lb ex-VAT) on Wednesday August 9, up 0.6% from previously. Following the rally in the Metal Bulletin low-grade cobalt price last Wednesday, bullish sentiments among traders have been strengthened, which led to a wave of stockpiling in the spot market...
https://www.metalbulletin.com/Article/3739999/Search-results/Chinas-cobalt-price-inches-higher-on-speculative-buying.html