Prices of Cobalt Products Fell Across the Board in February 2023

SHANGHAI, Mar 15 - Prices of cobalt products fell across the board in February 2023, with cobalt sulphate and cobalt chloride prices down by 11% and 12% month-on-month respectively. The cost of mining supported prices. In addition, due to force majeure, the shipments of intermediate products by leading overseas mining companies have been hindered. In this scenario, prices of cobalt raw materials rebounded, raising the cost of cobalt salt. Meanwhile, the recovery of domestic demand, albeit weak, coupled with some traders purchasing on the dip, buoyed prices of cobalt salt to rebound in the second half of February.