UK Metal Bulletin August 26 news, because of the needs from the battery producers and the shortage in supply of high-grade cobalt, it is hopeful that the price of cobalt will keep stable in September. Most people of the industry think the price of cobalt in September will keep stable. So far, the inquiries from the consumers bring higher expectation to the traders and the producers. It is said that many inquiries are from the battery suppliers in Asia.

In addition, the difficult cobalt supply caused by the termination of the processing contract between BHP Billiton and Chaoda and the strike of the workers of Vale Inco has caused big repercussion in the market and it is thought in common that it will cause the shortage of supply in the market. (Source: ATK News)