Outright cobalt hydroxide prices continued to rise over the past fortnight, but gains were capped after consumers demonstrated less urgency in their need to restock the material. Fastmarkets’ cobalt hydroxide index 30% Co min, cif China was at $11.89 per lb on Friday September 4, up by 7 cents per lb (0.6%) from $11.82 per lb on August 21. Negotiations for units both on the water and in local bonded warehouses have generally stagnated amid a notable gap between sellers’ and buyers’ expectations, market participants said, while both parties are in no rush to conclude business and are waiting for the other side to compromise first.
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