PRICING NOTICE: Proposal to discontinue cobalt premium/discount pricing

Metal Bulletin is proposing to discontinue publishing its derived cobalt London Metal Exchange premiums/discounts, effective from January 1 2016.

Metal Bulletin is proposing to discontinue publishing its derived cobalt London Metal Exchange premiums/discounts, effective from January 1 2016.

These are weekly in warehouse dollars per tonne and dollars per lb Rotterdam premiums/discounts for the following shapes:

Ingots (including K1A and K1AY)

Broken cathodes/briquettes (including Chambishi, Tocantins, CTT, Ambatovy, ICCI, Murrin Murrin)

Cut cathodes/rounds (including Falconbridge, Vale Inco, Sumitomo Metal Mining, Jiangsu (KLK), Jinchuan)

Metal Bulletin will continue to assess low-grade and high-grade cobalt, as it has done historically, and will continue to publish weighted average prices for these grades. Metal Bulletin’s Chinese cobalt prices will also not be affected by this proposal.

Metal Bulletin will update the market in December on the status of this proposal, after gathering feedback.

If you have any comments or questions about this proposal, please email fritzema@metalbulletin.com by December 11.

Fleur Ritzema
fritzema@metalbulletin.com
Twitter: @FleurRitzema_MB

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
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.
Fastmarkets’ Shanghai-London arbitrage calculations for aluminium were published incorrectly on January 30-February 3 due to a formula error.
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
BRUSSELS, Feb 2, 2023 (PPI Europe) - PRICING NOTICE: Consultation on proposal to discontinue Russian containerboard prices – final decision
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed