Chinese interest in cobalt metal imports grows

摘要

Several cobalt market participants in China are considering importing the metal as the spread between international and domestic prices widens. "Imports are economical now. The cost of cobalt metal importing is around 240,000 yuan 35,149 dollars pertonne, which compares with cobalt metal prices of at least 278,000 yuan pertonne in China," a trader in Shanghai said. There have been active enquiries for imported cobalt metal but no bookings as many participants are waitingfor international prices to fall further.