Fastmarkets launches MB-CO-0024 cobalt mixed hydroxide precipitate payable indicator, % cobalt metal standard grade in-whs Rotterdam, CIF China, Japan, and South Korea and MB -CO-0025 cobalt mixed hydroxide precipitate, outright price, CIF China, Japan, and South Korea, $/tonne on Friday October 27.

The publication of Fastmarkets’ MB-CO-0023 cobalt hydroxide, min 30% Co, inferred, China price for Friday October 13 was delayed because of an administrative error.

Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.

Australia-based Sunrise Energy Metals is searching for a location in the US to build a nickel-cobalt refinery, the company confirmed to Fastmarkets

Uncertainty over growing bullish sentiment in the cobalt market is among the main conversation topics likely to feature in meetings throughout LME Week, which runs from October 9-13

The combination of slow demand and oversupply has been putting pressure on the price for cobalt, with part of that pressure coming from the changing preference in battery chemistry toward lithium-iron-phosphate (LFP) batteries and away from nickel-cobalt-manganese (NCM) batteries

The cobalt hydroxide market has increasingly switched to conducting transactions on an outright $ per lb basis in 2023, due to cobalt metal price volatility and uncertainty in the hydroxide market

Fastmarkets will increase the publication frequency of the price for cobalt hydroxide 30% Co min, cif China, $/lb to daily from weekly from Friday September 1 following an open consultation over July 21-August 25.

Australia-based cobalt and nickel supplier Jervois Global has opted to ‘moderate’ the pace of restart operations at its Sao Miguel Paulista (SMP) cobalt and nickel refinery in Sao Paulo, Brazil

China’s automotive output and sales both fell in July, on a month-on-month and year-on-year basis, because of reduced seasonal demand in the summer season and the higher base in July 2022, the China Association of Automobile Manufacturers (CAAM) said this week