SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Gold/Mining/Energy : Rare Earth Elements and Exotic Metals

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LoneClone who wrote (15806)4/15/2019 11:15:17 AM
From: LoneClone  Read Replies (1) of 15927
 
Cobalt: Dramatic price fall comes to an end

roskill.com

Posted on 15th April 2019 in General News.

Cobalt Standard Grade prices started the year at US$26/lb but fell sharply over Q1, bottoming out at US$14/lb in late March. Q1 prices averaged US$18.50/lb.

Roskill view: This time last year, cobalt prices were above US$40/lb. Since then, oversupply (especially of hydroxide but also of most refined forms), set against sluggish demand (and limited investor stockpiling), brought about a 12-month period of price decline. The rate of that decline intensified in 2019 and, with prices dropping week-on-week, buyers remained on the sidelines. Significant amounts of cobalt were not committed to long-term contracts last year and many buyers, including those in China, are intending to purchase cobalt on a spot basis. The number of, and size of, spot deals has increased sharply. The cobalt market continues to change quickly.

With cobalt prices unable to fall much further, it appears that some restocking is taking place. This should push prices up. While the outlook for demand, especially from the battery sector, remains very positive, sentiment remains depressed compared to one year ago. Nonetheless, Roskill expects cobalt prices to recover over the course of 2019 and to remain volatile over the coming years.

Recent developments in the cobalt market include the introduction of the London Metal Exchange’s new cash-settled cobalt contract, which is settled against Fastmarkets’ benchmark standard-grade cobalt price.

Roskill’s NEW Cobalt: Outlook to 2028 report will be published in July 2019. Click here to download the brochure or sample pages or access further information.


To discuss the cobalt market with Roskill, contact Jack Bedder: jack@roskill.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext