Stable Nickel Cobalt Prices in SMM Weekly Review

SMM Weekly Review: Nickel Cobalt Prices Stable This Week"

This week, nickel cobalt prices remained stable. On the demand side, market activity is still acceptable, mainly due to the pre-holiday stock replenishment needs. On the supply side, production remains stable with some incremental increases, and with the presence of earlier trader hoarding, the market supply and demand still tends to be oversupplied. Overall, due to the relatively low inventory of smelters and the year-end stock replenishment needs, smelters have a low willingness to lower prices, so the spot market continues to operate in a stalemate.