Correction to cobalt standard-grade rationale

Fastmarkets has corrected the rationale for its MB-CO-0005 cobalt standard grade, in-whs Rotterdam, price assessment on Monday March 24, which was published incorrectly due to a reporter error.

There was a typographical error with the figure for the top end of the range being incorrect in the first line of the rationale. This read: “Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam, was $15.10-16.00 per lb on Monday March 24, widening down from $15.70-16.50 per lb in the previous session.”

The correct version reads: “Fastmarkets’ price assessment for cobalt standard grade, in-whs Rotterdam was $15.10-16.50 per lb on Monday March 24, widening down from $15.70-16.50 per lb in the previous session.”

The published price is unaffected by this change.

This price is part of the Fastmarkets minor metals package.

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to this price, please contact Xiaoying Du by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Xiaoying Du, re: Cobalt standard grade, in-whs Rotterdam.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.

What to read next
Fastmarkets has corrected its MB-AL-0292 Aluminium ingot ADC 12 spot (MJP), cfr Japan, $/tonne price assessment, which was published incorrectly on Wednesday March 26 due to a typographical error. The price was initially published as $2,450-2,480 per tonne. This has since been corrected to $2,400-2,480 per tonne. Fastmarkets’ pricing database has been updated to reflect […]
Fastmarkets proposes to amend its daily price assessment for cobalt, standard grade, in-whs Rotterdam, with the additions of Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, Tengyuan cut cathodes and Umicore S1 powder to the brand list. The changes to the specification would be as follows, with the proposed new brands in italics: MB-CO-0005 cobalt standard grade, […]
After a consultation period, Fastmarkets has discontinued this price due to separate assessments for briquette and full plate nickel warrants being more reflective of the market. All short-term forecasts associated with this price (or these prices) produced by the Fastmarkets research team, if any, have also been discontinued. If you have any comments on the discontinuation […]
With Fastmarkets set to discontinue the price assessment FP-GP-0277 UWF, Gold Ball, 70-100g, Jiangsu, Zhejiang & Shanghai (tax included), RMB/tonne, Fastmarkets will exclude it from the calculation of FP-GP-0166 Uncoated Woodfree Reels (100% chemical pulp), 70-100g, China. The exclusion will not cause a material change to the price and will make it an improved reflection […]
The launch of the price assessment is to meet market demand for price transparency along the lithium battery electrolyte supply chain. The specifications are as follows:​MB-FLU-0023 Lithium hexafluorophosphate(LiPF6), battery grade, ≥99.9%, $/tonneQuality: Cl ≤ 5 ppm, NO3 ≤ 5 ppm, SO4 ≤ 20 ppm, Na ≤ 5 ppm, K ≤ 5 ppm, Cu ≤ 2 […]
The initial consultation, which started on February 26, received mixed views on the trading quantities of the material as nickel matte output has been on a downtrend in the recent month, leading to slower spot liquidity. To properly to price a material with slowing liquidity, Fastmarkets has decided to extend the consultation period of the proposal […]