[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
Hsikuangshan Twinkling Star Antimony to Procure 66 Tons of Sb99.85 Ingots in May 2026
10 hours ago
Hsikuangshan Twinkling Star Antimony to Procure 66 Tons of Sb99.85 Ingots in May 2026
Read More
Hsikuangshan Twinkling Star Antimony to Procure 66 Tons of Sb99.85 Ingots in May 2026
Hsikuangshan Twinkling Star Antimony to Procure 66 Tons of Sb99.85 Ingots in May 2026
SMM reported on May 11: Hsikuangshan Twinkling Star Antimony Industry Co., Ltd. will soon carry out its 2026 procurement plan project, issuing a public request for quotations for 66 tons of antimony ingots. The material must meet the following requirement: antimony ingot \ Sb99.85 GB/T 1599-2002. The expected procurement date is May 12, 2026. Delivery location: Lengshuijiang City, Loudi, Hunan Province.
10 hours ago
Slight Decline in China's Sodium Pyroantimonate Output Expected in April 2026
May 9, 2026 10:02
Slight Decline in China's Sodium Pyroantimonate Output Expected in April 2026
Read More
Slight Decline in China's Sodium Pyroantimonate Output Expected in April 2026
Slight Decline in China's Sodium Pyroantimonate Output Expected in April 2026
According to SMM estimates, the production of first-grade sodium pyroantimonate in China in April 2026 is expected to decrease slightly compared to the previous month, with a decline of less than 1%. The output remains largely stable with no significant trend observed. Many market participants indicate that it remains to be seen whether the peak demand season of the second quarter will gradually arrive.
May 9, 2026 10:02
China's Refined Bismuth Output to See Modest Growth in April 2026
May 9, 2026 09:59
China's Refined Bismuth Output to See Modest Growth in April 2026
Read More
China's Refined Bismuth Output to See Modest Growth in April 2026
China's Refined Bismuth Output to See Modest Growth in April 2026
According to SMM estimates, China's refined bismuth production in April 2026 is expected to increase by less than 1% month-on-month compared to March 2026, indicating a relatively modest growth. In recent months, bismuth output has generally shown a stable but fluctuating trend.
May 9, 2026 09:59