[SMM Weekly Review] Refined Cobalt Prices Dropped Slightly This Week

This week, refined cobalt prices slightly declined. Supply side, the current market has sufficient spot cargo. Demand side, the overall market was relatively quiet at year-end, with weak purchase willingness for spot refined cobalt. Market situation, as year-end falls in the industry's off-season, overall trading sentiment remained subdued. Next week, logistics and transportation are expected to halt, and the spot market trading sentiment may remain subdued, with refined cobalt prices likely to fluctuate relatively small.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711