SHANGHAI, Apr. 15 (SMM) --
Demand for cobalt and production costs will support cobalt prices, but market low interest to invest cobalt and tight liquidity will weigh on cobalt prices to certain extent. Small sized consumers still made purchases on an as-needed basis, and large sized consumers made purchases in batches. It is expected that cobalt prices will largely remain stable.
SMM expects, prices will be in the RMB 290-315/kg range for refined cobalt. Prices will be in the RMB 66-70/kg range for cobalt chloride, RMB 58-59/kg for cobalt sulfate, RMB 215-230/kg for tricobalt tetroxide, and RMB 228-232/kg for lithium cobalt oxide in the following week.
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