SHANGHAI, Feb. 25 (SMM) -- According to overseas sources, Glencore is selling low grade cobalt metal with prices at or even lower than USD 18/lbs. According to a buyer, many consumers and traders can all purchase low grade cobalt metal from Glencore with prices in the USD 17.75-18/lbs range.
Some consumers speculated that Glencore may eager to move its Murrin Murrin products, and some market insiders confirmed that more than 40 mt of low grade cobalt metal was traded with prices in the USD 17.75-18/lbs range in spot market.
LME cobalt prices were in the USD 38,000-38,600/mt range (USD 17.23-17.5/lbs) on February 24th.
To contact the writer on this report: email@example.com
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: firstname.lastname@example.org