SMM Analysis: February Cobalt Sulphate Production Declines 5% MoM Due to Post-Holiday Market Lag

[SMM Analysis: Late Post-Holiday Market Resumption, February Cobalt Sulphate Production Continued to Decline]

In February 2025, cobalt sulphate production decreased by 5% MoM but increased by 9% YoY. The main reason for the continued decline in February production was the overlap of the Chinese New Year holiday spanning January and February, coupled with the impact of logistics and transportation constraints, leading to a slow recovery in downstream demand. It is expected that in March 2025, as the market gradually recovers and major cobalt sulphate smelters resume operations, production will increase.