Large stocks, subdued China demand to cap cobalt prices

LONDON (Reuters) - Subdued demand in China due to the coronavirus and large stocks of cobalt are expected to outweigh supply losses from Glencore's giant Mutanda mine in Central Africa and cap prices of the battery metal for some months.Expecting a significantly tighter market and stronger demand in top consumer China, traders have pushed cobalt prices up nearly 10% to around $16 a lb or nearly $35,000 a tonne since the start of January.Cobalt prices LME -..