[SMM Analysis] Refined Cobalt Prices Continued to Decline During the Week

Published: Feb 13, 2025 14:49

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[SMM Analysis: Refined Cobalt Prices Continued to Decline This Week] This week, refined cobalt prices saw a slight decline. Supply side, the market currently has ample inventory with a relatively high volume of circulating goods. Demand side, downstream sectors are gradually resuming operations, with mediocre performance in market inquiries and activity. Overall, the market has established an oversupply pattern, and spot prices continued to decline. It is expected that next week, the overall supply-demand pattern may remain unchanged, and refined cobalt prices are likely to face further downward pressure.

This week, refined cobalt prices slightly declined. Supply side, the market currently has ample inventory with a relatively high circulation volume. Demand side, downstream sectors are gradually resuming operations, with mediocre performance in market inquiries and activity levels. Overall, the market has established an oversupply pattern, and spot prices continued to decline. It is expected that next week, the overall supply-demand pattern may remain unchanged, and refined cobalt prices are likely to face further downward pressure.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

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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