Cobalt upturn eyed despite decline in low-grade price in quiet market

Nov 10, 2005 | 02:18 PM | Paul Francis-Grey

Low-grade cobalt prices softened further Wednesday, with Russian sellers achieving sales as low as $11.50 a pound in quiet market conditions.

Prices for 99.3-percent grade cobalt are now at $11.50 to $12.40 a pound, down 20 cents from last Friday, with Russian material being sold below those levels. There was very little other spot business, traders said.....

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