[SMM Daily Review: Cobalt Sulphate Spot Prices Rise Slightly on March 13]
The SMM cobalt sulphate index price was 49,336 yuan/mt, up 1,140 yuan/mt from the previous trading day. Cobalt sulphate was priced at 48,000-51,000 yuan/mt, with an average price of 49,500 yuan/mt, up 1,250 yuan/mt from the previous trading day. Following the DRC's announcement of a cobalt export suspension, cobalt sulphate prices have accumulated an increase of 80%. Currently, smelters are reluctant to sell, continuously raising offer prices to test downstream acceptance. Downstream enterprises are actively inquiring, but buyers and sellers still have some differences in expected transaction prices.

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