Potential China SRB tender helps stabilize falling Rotterdam cobalt prices - China, August 9

摘要

Market sources reported that China’s State Reserve Bureau (SRB) is planning to stockpile cobalt metal, which limited cheaper export offers from the country and helped stabilize international cobalt prices on Tuesday August 9. Several market sources told Fastmarkets that the SRB was circulating invitations for an upcoming meeting to find sourcing agents, which supported global sentiment. The National Food and Strategic Reserves Administration, which overlooks the State Reserves Bureau, did not respond to Fastmarkets’ request for confirmation and comment at the time of publication.