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Home / Metal News / Spot price of cobalt sulphate declines slightly [SMM Weekly Review of Cobalt Sulphate Market]

Spot price of cobalt sulphate declines slightly [SMM Weekly Review of Cobalt Sulphate Market]

iconMay 8, 2025 14:50
[SMM Weekly Review of Cobalt Sulphate Market: Spot Price of Cobalt Sulphate Declines Slightly] The spot price of cobalt sulphate has declined slightly. Supply side, cobalt salt smelters continue to stand firm on quotes, but some recycling plants have slightly lowered their cobalt sulphate quotes due to financial pressure. There has been a slight reduction in old social inventory, with low-priced old stocks being gradually absorbed by the market. Demand side, downstream producers exhibit strong wait-and-see sentiment, and market inquiries are extremely mediocre. It is expected that in the near future, if the DRC introduces follow-up policies on cobalt, it may stimulate downstream producers to make purchases, potentially leading to a rebound in spot transactions of cobalt sulphate.

The spot price of cobalt sulphate declined slightly. Supply side, cobalt salt smelters continued to stand firm on their quotes, but some recycling plants slightly lowered their cobalt sulphate quotes due to financial pressure. There was a slight reduction in old social inventory, and low-priced old stocks were being gradually absorbed by the market. Demand side, downstream producers maintained a strong wait-and-see sentiment, and market inquiries were extremely mediocre. It is expected that in the near future, if the DRC introduces follow-up policies on cobalt, it may stimulate downstream producers to make purchases, potentially leading to a rebound in spot cobalt sulphate transactions.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Yueming Li 021-51666809

Zhicheng Zhou 021-51666711

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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