China’s cobalt prices rise on tight supply, stronger demand
China’s cobalt metal prices have risen and are likely to rise further, according to market sources, amid recovering demand and tight supply.
On Friday April 11, cobalt metal rose to 199,000-208,000 yuan ($32,261-33,720) per tonne, compared with 198,000-208,000 yuan per tonne last Friday. Some market participants have reported stronger sales in recent weeks. “So far this month, our sales volume has increased by about 30% on the previous month. It seems the market is entering the busy season,” a major smelter said.
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