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Proposal to amend standard, alloy grade cobalt brands, clarify duty status
Fastmarkets proposes to amend and realign its listed brands for alloy and standard grade cobalt to reflect new developments in the market and invites feedback on the following consultation.
February 6, 2023
·
Insights
China’s cobalt metal prices increase on futures strength
China’s cobalt metal prices rose in the second half of the week to Friday February 3 due to the strength in local futures prices, but market sentiment remained bearish due to sustained weak demand, sources told Fastmarkets
February 6, 2023
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By Zihao Li
Insights
Glencore reports 40% cobalt output increase in 2022
Glencore achieved a 40% year-on-year increase in cobalt output during 2022 to a total of 43,800 tonnes, the company said in its annual production report published on Wednesday February 1
February 2, 2023
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By the Fastmarkets team, Alexander Cook, Sayaka Kurata
Insights
Jervois delays ramp-up to capacity at US cobalt mine to Q2
Australia-based cobalt and nickel supplier Jervois Global has delayed the start of commercial production of cobalt concentrate at its mine in the US state of Idaho, it said in a quarterly update on Monday January 30
February 1, 2023
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By Alexander Cook
Insights
Battery materials market set to be finely balanced in 2023
Fastmarkets looks ahead to 2023 and beyond at some key predictions for the battery materials market as the world continues to strive towards a new generation of energy markets
January 23, 2023
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By the Fastmarkets team
Insights
Record daily volume traded on CME cobalt forward contracts
Cobalt forward contracts on the Chicago Mercantile Exchange (CME) hit new highs for volume and open interest during trading on Tuesday January 17
January 20, 2023
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By Alexander Cook
Insights
Cobalt ends year on volatile note; some long-term negotiations drag on: 2023 preview
Volatility was one of the main themes for cobalt prices in 2022 and market participants will take a wait-and-see approach toward long-term supply contracts in the coming year
January 6, 2023
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By the Fastmarkets team, Justin Yang, Alexander Cook
Insights
China’s removal of cobalt tariff from 2023 unlikely to affect market amid thin domestic demand
China has decided to remove its import tariff on cobalt metal (Harmonized System code 81052020), a move which is not expected to largely impact the domestic market due to weak demand for the metal, sources told Fastmarkets
January 5, 2023
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By Zihao Li
Insights
ERG, Gécamines restart copper-cobalt producer Boss Mining at time of market weakness
Eurasian Resources Group (ERG) and joint-venture partner La Générale des Carrières et des Mines (Gécamines) will reinstate copper-cobalt producer Boss Mining in the Democratic Republic of Congo
December 13, 2022
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By Justin Yang
Insights
Cobalt futures hedging: Deriving sentiment from the Commitment of Traders report
The Commodity Futures Trading Commission starts reporting cobalt futures position information
December 8, 2022
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By David Becker
Insights
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