PRICING NOTICE: Cobalt pricing consultation reminder

Metal Bulletin would like to remind cobalt market participants that they are invited to contribute to a consultation period, which may or may not result in changes to its cobalt pricing system.

Metal Bulletin would like to remind cobalt market participants that they are invited to contribute to a consultation period, which may or may not result in changes to its cobalt pricing system.

The consultation, which started in January 2014 and will run until June 2014, will enable Metal Bulletin to consider the views of anyone affected by this possible change.

The proposal below may be implemented from January 2015, but only if it is supported by market participants. 
 
Low-grade metal proposal
For a trial period from January 2015, Metal Bulletin may continue to publish low-grade cobalt metal prices on Wednesdays and Fridays.

But it is considering doing so solely on the basis of the London Metal Exchange prices, and not based on transactions gathered by its pricing reporters, as it has done historically. 

If, following the six-month consultation period, the above change is implemented, the market will be informed well in advance of the date of implementation.

If implemented, for the trial period, which would last at least for one year, the Metal Bulletin low-grade cobalt range on Wednesdays and Fridays will be based on the London Metal Exchange official cash cobalt bid/ask prices on Wednesdays and Fridays.

An implementation date of January 2, 2015 is proposed.

The high-grade cobalt range, also currently published on Wednesdays and Fridays, will continue to be assessed by Metal Bulletin’s editorial team.

Both ranges will continue to be published on a dollar-per-lb basis (low-grade prices will be converted from an LME dollar-per-tonne basis to a dollar-per-lb basis), and prices will continue to be published online in the current format on Wednesdays and Fridays.

Metal Bulletin will also continue to publish LME cobalt premiums/discounts for specific brands

Please contact fritzema@metalbulletin.com for more information or to contribute your views to the consultation.

Fleur Ritzema 
fritzema@metalbulletin.com
Twitter: FleurRitzema_MB 

What to read next
Fastmarkets proposes to launch a bimonthly price assessment for Brazil imported triplex boxboard, CIF delivered at main ports, 250-320 g/m².
Following an initial consultation with the market, and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing the changes to the name and specifications of the index for iron ore 62% Fe fines, fot Qingdao (MB-IRO-00011), and iron ore 62% Fe fines, fot Qingdao, $/tonne conversion (MB-IRO-00022), […]
All of Fastmarkets’ China domestic price assessments published in its PPI Asia publication and the Fastmarkets platform will continue. The full list of UM Paper-branded prices to be discontinued can be found via the link below: https://www.fastmarkets.com/uploads/2025/07/All-UMPaper-Discontinuing-Markets-2025-1.pdf Fastmarkets remains fully committed to delivering trusted, independent, and transparent pricing for the Chinese pulp and paper market. Fastmarkets will continue […]
The publication of Fastmarkets’ AG-PLM-0019 refined bleached deodorised (RBD) palm olein, cfr South China assessment for Thursday July 24 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets has launched a MB-STE-0935 Steel reinforcing bar (rebar), differential to shredded auto scrap Chicago, fob mill US, $/gross ton to complement its existing suite of steelmaking raw materials to finished product differentials on Wednesday July 23. This strategic launch is designed to offer the market a single reference price denoting the differential between steel […]
The following prices were affected:MB-BI-0001 bismuth 99.99% Bi min, in-whs Rotterdam, $ per lbMB-CD-0001 cadmium 99.95% min, cif global ports, cents per lbMB-CD-0002 cadmium 99.99% min, cif global ports, cents per lb. These prices are part of Fastmarkets’ minor metals package. For more information, or to provide feedback on the delayed publication of these prices, or if you […]