[SMM Analysis] South Africa may consider extending the "blockade" time A share metal cobalt concept rises in the afternoon

Published: Apr 9, 2020 15:06

SMM4 8: today A-share metal cobalt plate continued to pull up, western resources back, Huamao shares hit the limit, Jinling Mining, Pengxin Resources, Tibet Mining, Huayu Cobalt Industry rose.

South Africa time, President Cyril Ramafosa (Cyril Ramaphosa) visited the COVID-19 Command Centre for Water and Sanitation in Landwater, Johannesburg, and briefed him on the Centre's activities in response to the epidemic, revealing that the National Coronavirus Command Council was assessing the effectiveness of the 21-day blockade.

After the initial blockade was announced in March, the government may want to extend it, and three weeks will not be enough to flatten the anti-epidemic curve.

President Cyril Ramafosa revealed that the South African government is indeed considering an appropriate extension of the "blockade", the length of which will depend on the current effect. South Africa is a major transit country for cobalt raw materials, with an estimated 60 per cent of cobalt raw materials transported from South Africa in 2019 (excluding customs data, about 17 per cent does not count transit countries).

"see more SMM exclusive Cobalt Lithium New Energy spot prices

Metal cobalt spot, according to SMM quotation learned that on April 8 electrolytic cobalt quoted 24-255000 yuan / ton, the average price is 247400 yuan / ton; cobalt chloride quoted 5.4-57000 yuan / ton, the average price is 55500 yuan / ton, down 1000 yuan / ton compared with yesterday; cobalt oxide quoted 17.8-183000 yuan / ton, the average price is 180500 yuan / ton, 2000 yuan / ton lower than yesterday; Cobalt oxide was quoted at 17.5-180000 yuan / ton, with an average price of 177500 yuan / ton, down 2000 yuan / ton from yesterday, and cobalt powder at 27.5-285000 yuan / ton, with an average price of 280000 yuan / ton, down 3000 yuan / ton from yesterday.

According to SMM, at present, the cobalt raw materials scheduled for shipment in the early stage of the South African port are coordinating the shipping date, which can be delayed but can be transported; the new order for cobalt raw materials and the shipping date are delayed to be notified. If South Africa decides to extend the blockade, it may affect future imports of cobalt raw materials.

 

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply to enter the industry exchange group, please scan the code:

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
21 hours ago
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
Read More
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.
[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.
21 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
21 hours ago
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Read More
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026
[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.
21 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
22 hours ago
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Read More
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up
Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.
22 hours ago