Weakness in China NEV market unlikely to support sustained cobalt price rally_SMM

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Home / Metal News / Cobalt & Lithium / Weakness in China NEV market unlikely to support sustained cobalt price rally

Weakness in China NEV market unlikely to support sustained cobalt price rally

May 19,2020 14:00

CST

price review forecast

Source:SMM

Prices of cobalt rebounded last week, but the possibility of a sustained price rally is limited given the continued weakness in the new energy vehicle (NEV) market. Spot cobalt transactions were light last week as large-scale producers of high-temperature alloy and magnetic materials had sufficient stockpiles of cobalt raw materials.

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