SMM Analysis: Refined Cobalt Prices Stabilize Amid Chinese New Year Holiday Impact

[SMM Analysis: Refined Cobalt Prices Remained Stable This Week] Refined cobalt prices remained stable this week.

Supply side, the operating rates of major refined cobalt smelters remained high, ensuring sufficient spot supply. Demand side, downstream restocking for rigid demand was mostly completed, leading to a sluggish trading atmosphere in the spot market.

In summary, due to the impact of the domestic Chinese New Year holiday, spot market transactions gradually slowed down. Refined cobalt prices are expected to experience relatively small fluctuations in the short term.