Cobalt sulfate prices drop for fifth consecutive week

摘要

S&P Global Platts assessed battery-grade 20.50% Co cobalt sulfate weekly prices down Yuan 500/mt ($71.34) at Yuan 43,500/mt DDP China July 9, marking a fifth consecutive weekly decline since June 4. Meanwhile, the CIF North Asia price for 20.50% Co cobalt sulfate fell $300/mt to close at $6,750/mt on July 9. News emerged in the week beginning July 5 that six workers at Glencore’s Kamoto Copper Company mine tested positive for COVID-19. Mining operations were not impacted as the affected personnel were segregated. In addition, two to three day lockdowns have been imposed in several cities in the Democratic Republic of Congo and delays at customs were heard.