Cobalt intermediate product prices are likely to extend small declines

Cobalt intermediate product prices inched lower in the week ending March 28. The amount of cheap goods available was limited in a highly concentrated spot market. With limited recovery of end-user demand, market players in the entire industry chain were wary of restocking at the current high prices. Firm pricing met with pushback from buyers. Potential sell-offs by some cash-strapped traders mean spot prices could still drop.