Fastmarkets last assessed the standard-grade cobalt price at $22.50-24.55 per lb on Wednesday January 16.
The LME’s three-month cobalt contract settled at $40,000 per tonne ($18.14 per lb) on January 16.
“Most of you are using PRA [price reporting agency] prices in contracts rather than LME prices. The lack of liquidity on the LME [physically-delivered contract] is the most cited reason for that ...” LME CEO
