Cobalt metal sustains price rally; longer-term oversupply challenges loom

Prices for cobalt metal have witnessed a sustained rally and recovery in recent weeks, after hitting lows at the beginning of the year, even while market participants see challenging conditions on the supply side in the longer term.

Market participants looking to restock cobalt metal and establish positions at lower levels, as well as consistent strength in the US market, are said to be the primary factors helping...