Cobalt Prices Stable as SMM Weekly Review Shows Limited Short-Term Additions

Published: Apr 3, 2024 18:32

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SMM Weekly Review: Cobalt prices remained stable this week. Cobalt prices were stable this week. From the supply side, the cobalt smelters are operating steadily due to delivery orders. From the downstream demand perspective, there are some signs of pre-loading for lithium cobalt oxide demand, with few new orders this week. In terms of market conditions, despite some exploratory price increases in the previous period, there are still some deliveries downstream. However, with high inventory levels from the previous period, limited short-term additions, and weak market sentiment, there is a possibility of fluctuation and downward movement in cobalt prices in the future.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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