Fastmarkets has corrected the pricing rationales for MB-CO-0004 cobalt alloy grade, in-whs Rotterdam, $ per lb, and MB-CO-0005 cobalt standard grade, in-whs Rotterdam, $ per lb, which were published incorrectly on Thursday September 30 due to reporter and editor errors.
The rationale for the cobalt alloy grade, in-whs Rotterdam, $ per lb has been corrected to state that the assessed range moved up to $25.60-26.00 per lb, after it was incorrectly stated to have moved up to $25.60-26.10 per lb.
A reference to the high end moving up to $26.10 per lb has been removed and replaced with a note to say the high held at $26 per lb.
The rationale has also been corrected to state that the top end was pegged to an offer and assessments at the level, after being incorrectly stated to be pegged to offers and nearby assessments.
The pricing rationale for cobalt standard grade, in-whs Rotterdam, $ per lb has been corrected to remove a reference to the high end moving up to $26 per lb and replaced with a note to say the high held at $26 per lb.
The rationale has also been updated to note that the top end of the range is pegged to offers and assessments at $26 per lb, after it was incorrectly reported that the top end was pegged to one offer at and near that level.
Fastmarkets' rationale database has been updated to reflect these changes.
There is no change to the final assessments, which remain as originally published and intended at $25.60-26.00 per lb for cobalt alloy grade, in-whs Rotterdam and $25.75-26.00 per lb for cobalt standard grade, in-whs Rotterdam on September 30.
The publication of both Fastmarkets' cobalt metal prices for September 30 were delayed because of a reporter error.
Cobalt alloy grade, in-whs Rotterdam and cobalt standard grade, in-whs Rotterdam were published 13 minutes later than the scheduled time of 3pm London time.
For more information or to provide feedback on the delayed publication of this price, or if you would like to provide price information by becoming a data submitter to this index, please contact Alex Cook by email at: pricing@fastmarkets.com. Please add the subject heading "FAO: Alex Cook, re: Cobalt metal." To see all Fastmarkets' pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.