Prices of Cobalt Metal and Cobalt Salt Started to Move Downwards This Week

Published: Mar 29, 2022 15:29

Source: SMM

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Prices of cobalt metal and cobalt salt started to move downwards this week.

SHANGHAI, Mar 29(SMM) - According to SMM research, the cobalt downstream market continued to be affected by nickel prices this week, with price fluctuating and reducing demand. Coupled with the transport restrictions on the back of the pandemic and slow money collection of the downstream, some upstream smelters sold off their cargos due to the pressure of collecting funds and bearish mood. As a result, prices of cobalt metal and cobalt salt started to move downwards this week.

Cobalt

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