Supply issues continue to dominate commodity prices
September was another month where supply issues continued to dominate commodity price outcomes. Cobalt was the big winner, with LME cobalt up 13% and Chinese cobalt sulphate prices up 24% as re-stocking, prompted by the Glencore supply cut announcements, took hold... Lithium prices were still in the dumps, with spodumene concentrate down 13%, lithium carbonate down 3% and hydroxide down 9%. High inventories continue to weigh on prices... Our benchmark China 190 flake graphite price was down 3% for the month in US$ terms, but it's worth noting that other grades were either stable or up. The weakness in graphite prices is...