[SMM Analysis] Cobalt Salt Prices Slightly Declined This Week

This week, cobalt salt prices dropped slightly. Supply side, the operating rate of cobalt salt smelters remained at a low level. Demand side, the market only met basic procurement needs, showing overall weakness with sluggish trading volume. Due to the inactive market trading atmosphere, prices struggled to remain stable and declined again. It is expected that next week, the market supply and demand situation will see no substantial improvement, and spot prices will still face the risk of a slight decline.

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