SHANGHAI, Jan. 6 (CBI China) -- Domestic cobalt salts offer price was increased, with the cobalt chloride prices at above RMB 70,000/mt and cobalt sulphate prices at above RMB 60,000, leading limited transactions.
CBI believes that cobalt salt price hike was driven by rising refined cobalt prices and rising nickel prices. However, most of the downstream battery manufacturers suspended production, leading weak demand and slim transactions.
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