【SMM Analysis】Cobalt Chloride Prices Rose Slightly This Week

This week, the price of cobalt chloride rose slightly. Supply side, raw material inventory became increasingly tight, with most producers refusing to sell at low prices, leading to upward adjustments in quotations. Demand side, just-in-time procurement by downstream Co3O4 manufacturers drove high-level transactions, which in turn pushed the spot price slightly higher. It is expected that next week, although market activity will remain low, suppliers' reluctance to sell will still be strong, and the price of cobalt chloride will continue to fluctuate at highs, with some room for further increase.