|
Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 11/30/2006 : 12:05:10
|
Cobalt prices explode
By Tom Stundza
Purchasing
November 29, 2006
ADVERTISEMENT
Natural gas output is slipping
E-commerce sales continue to grow
Pru ups aluminum price outlook
More >>
Confirmation that Norilsk Nickel of Russia will supply OM Group of Cleveland with cobalt metals for the next five years has pushed market prices nearly 50% over the last two weeks. Under the supply agreement, Norilsk will supply OM Group with 2,500 metric tons/year of cobalt metal, 2,500 metric tons/year of crude cobalt hydroxide concentrate and up to 1,500 metric tons/year of crude cobalt sulfate. The supply agreement also includes a variety of nickel-based raw materials used in OMG’s electronic chemicals business. This has pushed the end-of-the-month world spot price of cobalt metal to $25/lb from $17 in mid-November.
________________________
If you can conceive it and believe it, you can achieve it. -Napoleon Hill
|
|
Cobalt prices explode
Forum Locked
