The cobalt market remained largely in hibernation this past week as few transactions were reported. According to sources, there are small pieces of business and downstream interest; however, buyers are not actively pursuing supply. “I would say that buyers are still covered due to year-end buying,” said a source. “So, it should be another couple of weeks before demand picks back up.” Despite the overall sluggish demand, the price range seems to be widening. Prices are currently $12.10-13.00 per lb for Co 99.8% material. According to sources, the market traditionally takes a couple of weeks to rebound after the year-end holidays, and with many buyers covered due to firm buying in late December, the restart should be delayed. “It’s a bit depressing if you ask me,” commented a source. “There are some inquiries but nothing notable.”