SMM

SHANGHAI, Jul 4 (SMM) – The price of refined cobalt significantly rose last week, spurred by recent rumours of stockpiling. Moreover, a surge in the overseas price of refined cobalt also impacted China's markets, causing a substantial hike in refined cobalt prices. The steady purchasing pattern in downstream superalloy and magnetic material sectors continued, with some traders considering stockpiling in response to the price rise. This week may see the continued ascendancy of refined cobalt prices.