Cobalt prices extended recent gains to reach their highest levels since October 2015 as increasing demand from battery producers has tightened the supply/demand balance. Molybdenum prices also moved higher on tightening prompt availability, although the market remained in backwardation as the tightness was supply-driven.
Liquidity was low across the minor metals markets …
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Source: Metal Pages
Europe minor metals: Cobalt approaches one-year high
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