Norilsk posts cobalt prices on MB MarketWatch

摘要

Norilsk Nickel has become the first company to post a sale price for its cobalt on MB WarketWatch and MB.com and after a price cut later last week made its first sale. At noon on August 15, the company announced it was prepared to sell its 99.3-percent cobalt at 13.45 dollars per lb for spot delivery in Europe. The following day it posted another three offers at the same price for delivery in Europe, the USA and Asia, and on August 18 made a sale at 13.40 dollars in Asia. MB's new platform allows cobalt market participants to input prices and display them immediately to subscribers of MB MarketWatch and mb.com. All bids and offers are clearly displayed, complete with the name and contact details of the buyer or seller on www.metalbulletin.com/prices_-cobalt.asp. The new system represents a new way of conducting business in the cobalt market where prices have sometimes been at the mercy of unscrupulous traders.