Cobalt prices fall further on aggressive selling

Jun 13, 2012 | 10:57 AM |

Aggressive selling, particularly by traders, and anticipation of a summer business lull has fuelled further price falls for cobalt this week. Inching closer to the levels seen in March, low-grade prices dropped to $13.40-14.45 per lb on Wednesday June 13 from 13.60-14.60 per lb previously. High-grade prices dropped to $13.80-14.80 on Wednesday, down from $14-15 on Friday June 9. Several market participants expect the summer months to....

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