SMM Weekly Review: Refined Cobalt Prices Surge Amid High Sentiment for Price Increases

Published: Mar 6, 2025 15:19

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[SMM Weekly Review: Strong Sentiment to Stand Firm on Quotes, Refined Cobalt Prices Surge Significantly During the Week] Refined cobalt prices rose sharply this week.

Supply side, due to strong cobalt prices, the operating rate of refined cobalt smelters remained high, ensuring sufficient market supply.

Demand side, downstream inquiries were active, with a small volume of transactions following up.

Market situation, driven by strong sentiment for price increases, refined cobalt smelters showed reluctance to sell, leading to continuous upward adjustments in spot quotes.

It is expected that next week, constrained by difficulties in raw material procurement, the overall cobalt market will continue to be dominated by a price-increase mindset, and prices are likely to rise further.

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