China's cobalt sulphate output stood at 4,989 mt in metal content in June, a month-on-month increase of 8% and year-on-year increase of 88%. Cobalt sulphate companies received more orders and increased production in June due to growing demand from downstream ternary precursors.

Prices of cobalt, nickel and manganese rose after CNY. Prices of cobalt salt also climbed due to disrupted raw material transportation and strong demand.

LME base metals mostly cruised lower on Monday morning, dominated by the coronavirus pandemic and extraordinary stimulus measures that have tried to mitigate the economic hit from the health crisis.

Nonferrous metals on the SHFE all moved lower on Thursday morning as longs left the market with profits, while their counterparts on the LME set for mixed start.

The delivery ceremony of a high-pressure reactor, a core equipment of the hydro-metallurgy project at Huayue Nickel & Cobablt (Indonesia) of Huayou Cobalt & Morimatsu, was held at Morimatsu’s Nantong factory on November 20.  Since then, all four high-pressure reactors have been completed and delivered, marking that the Huayue project is about to enter a new stage of key equipment installation.

Nonferrous metals on the SHFE were mostly higher on Wednesday morning, and their counterparts on the LME rose across the board, as investors await data on China's industrial profits for October.

Nonferrous metals on the SHFE were mostly higher on Wednesday morning, and their counterparts on the LME rose across the board, following a record session on Wall Street as coronavirus vaccine hopes and reduced uncertainty in US politics buoy investor sentiment.

Shanghai base metals ended mixed on Wednesday November 18. Aluminium, the best performer, jumped 2.63% to lead the gains, zinc rose 2.06% and tin increased 1.59%, while copper shed 0.3%, lead edged down 0.07% and nickel weakened 1.51%.

During November 17-20, SMM new energy business director Wang Tian and marketing consultant Yu Lei led SMM staff and members of the delegation to visit lithium battery raw material producers in Hunan in order to seek more in-depth cooperation opportunities. Their first stop was Hunan Kingfuli New Energy Co., Ltd.

The "2020 (10th) Tin Industry Chain Summit”—held by SMM and exclusively named by Gejiu Qiandao Metal—took place during October 20-30. During the summit, SMM interviewed Zhang huanqun, general manager of Gejiu Qiandao Metal, to discuss topics about upstream sectors of tin.