MetalBulletin reported that cobalt prices are rallying on anticipated higher demand from the battery sector, with low-grade cobalt rising to its highest price since July.
As quoted in the market news:
Reaching its highest point since July, low-grade cobalt was trading at $12.90-14.30 per lb on Friday September 6, up from $12.50-14.00 previously. Low-grade cobalt has surged in recent weeks, since plunging to a summer low of $11.45-13.00 on August 21. High-grade cobalt hit $13.20-14.80 on Friday, up from $12.60-14.40 on Wednesday September 4.