[Ferro-Alloys.com] Cobalt prices continued to surge this week, as the European summer drew to a close, while traders held off selling in anticipation of further upside.

 

Low-grade cobalt reached $12.50-14 per lb on Wednesday September 4, up from $12.10-13.75 on Friday August 30. High-grade cobalt inched up to $12.60-14.40 after sales, although limited in terms of the number of enquiries, were concluded across a huge range. High-grade cobalt was at $12.40-14.20 per lb earlier. Sellers hiked their offer prices, hoping for increased demand in September, while several traders resisted offering.