Oct production of cobalt sulphate rises 7% on month-Shanghai Metals Market

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Oct production of cobalt sulphate rises 7% on month

Data Analysis 11:09:27AM Dec 03, 2018 Source:SMM

SHANGHAI, Dec 3 (SMM) – China's cobalt sulphate production increased 7% from September, to 2,315 mt in metal content in October, SMM data showed. 

Higher output in Jiangsu and Zhejiang provinces accounted for the increase. Robust demand from the ternary materials market encouraged producers to step up production of cobalt salt. They also accelerated operation to meet annual targets, SMM learned. 

SMM expects high downstream demand to keep production of cobalt sulphate flat in November at around 2,315 mt in metal content. 

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Oct production of cobalt sulphate rises 7% on month

Data Analysis 11:09:27AM Dec 03, 2018 Source:SMM

SHANGHAI, Dec 3 (SMM) – China's cobalt sulphate production increased 7% from September, to 2,315 mt in metal content in October, SMM data showed. 

Higher output in Jiangsu and Zhejiang provinces accounted for the increase. Robust demand from the ternary materials market encouraged producers to step up production of cobalt salt. They also accelerated operation to meet annual targets, SMM learned. 

SMM expects high downstream demand to keep production of cobalt sulphate flat in November at around 2,315 mt in metal content.