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Key data from April 22 pricing session.
Low-grade cobalt in warehouse ($ per lb)
High-grade cobalt in-warehouse ($ per lb)
Key drivers
– Chambishi shutdown continues to drive offer prices up
– Consumer demand up compared with week earlier. Over 100 tonnes reported to MB
Key quote
“We’re seeing offers at $13.50-14. It’s mainly because most people are speculating about the Chambishi issues. We do see extra demand from the battery industry, though. We have more orders for between now and the summer. Other businesses are stable, including catalysts.” – Consumer
Trade log
April 22 Low-grade Less than 5 tonnes at about $13.50 More than 10 tonnes at below $13 About 5 tonnes at about $13.90 Small sale at about $14.10 Less than 5 tonnes at about $13.50 Small sale at about $13.85 About 10 tonnes at about 14.05 Very small sale at about $14.40 (below Metal Bulletin minimum volume tolerance) Bid at $13 Offers indicated at $14-14.50 Offer at $13.50 Offer at $13.65 Bid at $13
High-grade More than 10 tonnes at about $13 Small sale at about $13.70 Less than 5 tonnes at about $14.20 About 20 tonnes at about $14.15 Less than 5 tonnes at about $13.90 About 10 tonnes at about $13.60 Offer at $14.20 Offer at $14.40 Offer at $13.90 Offer at $13.80 Bid at $13.85
Total volume of all trades confirmed since previous pricing session: about 101 tonnes
Click here for the full April trade log.
Click here for Metal Bulletin’s cobalt pricing specifications Click here for Metal Bulletin’s cobalt premiums specifications
Fleur Ritzema fritzema@metalbulletin.com Twitter: @FleurRitzema_MB