SMM Weekly Review: Cobalt Salt Prices Decline Slightly Amid Low Supply and Sluggish Demand

[SMM Weekly Review: Cobalt Salt Prices Slightly Pulled Back This Week]

In terms of supply, due to the generally low operating rates of smelters, cobalt salt production decreased. On the demand side, the markets for ternary cathode precursors and Co3O4 remained weak, and cobalt salt demand continued to be sluggish. Overall, the market showed sporadic demand for cobalt salt, with some manufacturers selling below market prices due to reasons such as cash flow recovery, leading to a decline in spot prices. It is expected that cobalt salt prices will continue to fall next week; however, as prices have already dropped below the cost line, the room for further decline is limited.