Commodity Market Report
Global cobalt short-term outlook August 2023
Report summary
Cobalt prices lost recent gains in August amid souring sentiment and slow battery demand. Slow economic recovery and lack of consumer confidence have translated to weak demand for key metal consumption areas, leading to lacklustre buying among traders and consumers. As a result, the benchmark price fell back to below US$16/lb at month end. The alloy cobalt market remained the bright spot supported by healthy aerospace growth, while the feedstock market was undermined by vacation and maintenance breaks.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global cobalt short-term outlook April 2024
Cobalt prices continued to trend downwards amid weak demand and feedstock oversupply in April 2024
$5,000
Commodity Market Report
Global lead short-term outlook March 2024
The increase in LME stocks in March has been a bearish optic but data do not point to a sudden deterioration in lead's fundamentals.
$5,000
Commodity Market Report
Global noble steel alloys short-term outlook April 2024
Wood Mackenzie's latest short-term view on the molybdenum, niobium and vanadium markets.
$5,000