Demand for ternary materials buoys cobalt sulphate output in Nov

Published: Dec 17, 2018 14:07

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Production stood at 3,660 mt in Nov, up from 2,315 mt in Oct. Both were in metal content

SHANGHAI, Dec 17 (SMM) – Stable demand for ternary materials and annual production targets at producers increased China's output of cobalt sulphate to 3,660 mt in November, from October’s 2,315 mt, SMM data showed. Both were in metal content.

Prices of cobalt sulphate remained at lows but stable downstream demand kept producers operating at high rates, SMM learned.

Tight supplies of raw materials at a large smelter lowered its sales of cobalt sulphate in November, in order to ensure production of ternary precursor.

Production data Ternary materials

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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