[SMM Analysis] Cobalt Salt Prices Rose Significantly This Week

[SMM Analysis: Significant Increase in Cobalt Salt Prices This Week] This week, cobalt salt prices rose significantly. Following the announcement of the DRC's suspension of cobalt exports, market sentiment continued to heat up, intensifying producers' reluctance to sell, with spot quotes climbing steadily by nearly 80%. Many companies adopted a strategy of small-volume, high-price transactions, further driving up spot cobalt salt prices. Currently, the market has seen a situation where prices exist but no transactions occur. It is expected that next week, influenced by the continued price surge, high-priced spot orders may emerge, and producers' sentiment to stand firm on quotes will become even stronger. Prices of cobalt sulphate and cobalt chloride are anticipated to continue rising.