Fastmarkets proposes to amend its daily price assessment for cobalt, standard grade, in-whs Rotterdam, with the additions of Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, Tengyuan cut cathodes and Umicore S1 powder to the brand list.
The changes to the specification would be as follows, with the proposed new brands in italics:
MB-CO-0005 cobalt standard grade, in-whs Rotterdam, $ per lb
Quality: Min 99.8% cobalt metal; standard specifications of the following brands in original packaging: Katanga cathodes, Chambishi broken cathodes, CTT broken cathodes, Minara briquettes, Ambatovy briquettes, Norilsk grade 1 and grade 2 cut cathodes (production since January 2019), Sherritt briquettes, Vale Long Harbour standard grade rounds (99.8% cobalt), Jiangsu (KLK) cut cathodes, Huayou cut cathodes, Greatpower cut cathodes, Hanrui cut cathodes, Lygend cut cathodes, Tengyuan cut cathodes and Umicore S1 powder.
Quantity: Minimum 1 tonne, maximum 100 tonnes
Location: In-warehouse Rotterdam, duty unpaid, customs uncleared
Timing: Within 30 days, other terms normalized
Unit: US$ per lb
Payment terms: Cash; other terms normalized
Publication: Daily, Monday to Friday, 3pm London time.
This price is part of Fastmarkets’ minor metals package.
The current methodology for cobalt can be found here.
The extended consultation period for this proposed amendment started on February 24 and will now end on April 9. Any amendment will then take place, subject to market feedback, on April 16.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to the cobalt metal price series, please contact Alex Cook or Sahil Shaw by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Alex Cook/Sahil Shaw, re: cobalt brand consultation.’
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology/
