Cobalt standoff continues in Chinese market
The cobalt standoff continued in the Chinese market this week as sellers maintained offers and buyers refused to budge.
BNamericas cited Mr Nicholas Snowdon an analyst with UK based investment bank Barclays Capital as saying that China is moving from a copper destocking to restocking phase after the summer break which together with continued strength in semi manufactured products output should fuel a pick up in refined imports and tighten global market dynamics.