[SMM Weekly Review] Cobalt Salt Prices Continued to Decline This Week

This week, cobalt salt prices continued to decline. Supply side, the operating rate of cobalt salt smelters remained at a relatively low level. Demand side, the market only maintained just-in-time procurement, with overall demand remaining weak and unable to accept high-priced cobalt salt, leading to slightly sluggish transactions during the week. As the year-end approaches, some cobalt salt producers, due to factors such as cash flow recovery, sold at prices below the market level, further suppressing spot prices. It is expected that next week, the supply-demand pattern in the market will see little change, and spot prices will struggle to stabilize, with some room for further decline.