Electric Cobalt Export Volume Rises as Overseas Prices Outpace Domestic Prices: SMM Analysis

SMM Analysis: Overseas prices are superior to domestic prices, and the export volume of electric cobalt has increased month-on-month.

In January 2024, China's import of non-ferrous rolled cobalt was approximately 146 metric tons, a decrease of 44% month-on-month and 69% year-on-year. In February 2024, China's import of non-ferrous rolled cobalt was approximately 225 metric tons, an increase of 54% month-on-month and 4% year-on-year.