This is one of the problems with understanding the market. The cobalt price has actually traded at around $33-34 for a while. The price is largely guided by analysis from benchmark minerals - they release a quarterly (or monthly?) report, which is purchased by suppliers, buyers and analysts for around $10k I believe.
All us chumps tend to see is the LME spot price, which is FREE for all to see with Google, but only trades on a tiny percentage of the actual market volume and therefore is often inaccurate.
I'd encourage investors to look for summaries of the benchmark reports to get a better idea of the cobalt market and post them if they are available
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Last
7.5¢ |
Change
0.004(5.63%) |
Mkt cap ! $31.68M |
Open | High | Low | Value | Volume |
7.3¢ | 7.5¢ | 7.2¢ | $12.07K | 164.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11912 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 114748 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11912 | 0.072 |
2 | 104102 | 0.071 |
6 | 78335 | 0.070 |
4 | 171254 | 0.069 |
2 | 58000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 114748 | 3 |
0.076 | 5116 | 3 |
0.077 | 40000 | 1 |
0.078 | 125000 | 2 |
0.079 | 59125 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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Dani Nadri, Country Manager Australia
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