Chinalco to Take Controlling Stake in JXTC

SHANGHAI, Mar. 15 (SMM)&nbsp;-- Last Friday, offers of 99.3% refined cobalt released on MB website increased by USD 0.25/lbs, and offers of 99.3% refined cobalt increased significantly by USD 1/lbs. Prices increases in overseas market pushed prices of domestic cobalt products slightly up.
On March 15th, mainstream offers of refined nickel from Zambia were around RMB 370,000/mt. Offers of cobalt chloride advanced to RMB 77,000-78,000/mt range, and mainstream traded prices of cobalt chloride were around RMB 73,000/mt last week. Traded prices of cobalt sulfate were at RMB 65,000/mt on March 15th. Traded prices of tricobalt tetroxide as low as RMB 238,000/mt last week can not be heard in the market this week. Mainstream offers of lithium cobalt oxide were still around RMB 250,000/mt.
Transactions of cobalt salt were slightly brisk, and transactions of other cobalt products were not brisk.
To contact the writer on this report: <a href="mailto:fergiewang@smm.cn">fergiewang@smm.cn</a>
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