Abstract The cobalt market has tended to be flat this week. Currently, high cobalt is reported at US$14-15.5/lb, and low cobalt is reported at US$13.8-15/lb. Although there are still some favorable factors supporting the price in the international market, such as the uncertainty of Congo's policy and the shortage of raw materials supply, after 4...
This week, the cobalt market tends to be flat. Currently, high cobalt is reported at $14-15.5/lb, and low cobalt is reported at $13.38/lb. Although the international market still has some favorable factors to support prices, such as the uncertainty of Congo's policy and the shortage of raw materials supply, after the continuous rise of the market from April to July, it is possible that the consumption will change in advance. The market is good news, just as the eve of the implementation of the New Five Articles, the real estate market transactions are hot, and house prices are pushed up quickly. Zambia's cobalt offer is concentrated at 208-210 yuan / kg, Jinchuan cobalt quoted at 210-214 yuan / kg, metal cobalt market goods more backlog, coincides with the industry's off-season, although the market followed the external situation, but the actual transaction did not happen change.
At present, the market is still supported by rigid demand. It is known from foreign media that the Congo may increase the tariff on export tariffs for cobalt mines from $60/ton to $120/ton. The price of the corresponding metal cobalt will rise by 50-75 cents/lb, and the cost will rise. The cobalt market may have the next round of market.
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