Low-grade cobalt edges lower after weeks of stability
May 10, 2012 | 06:14 AM
Weeks of stability for low-grade cobalt came to an end this week, after market participants reported significant trading below the current range.
Low-grade cobalt prices, stable since April 17 (at $14.05-15.10), edged down to $14 per lb, while the top end of the range was unchanged at $15.10.
The move lower came after significant tonnage changed hands below $14.
Two producers reported offering low-grade material to several market participants at the bottom of the range, to little avail.
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