Cobalt metal prices hover at low levels despite talk of Chinese stockpiling

Cobalt metal prices are hovering at an 11-month low with a mixed short-term outlook despite talk of up to 2,600 mt possible metal stockpiling by China’s National Food and Strategic Reserves Administration, or NFSRA. NFSRA stockpiling has typically lifted the market sentiment, but sources are uncertain whether it can help boost the sluggish Chinese sulfate and hydroxide markets, which are…