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

Published: May 15, 2025 15:06

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[SMM Weekly Review of Cobalt Sulphate Market: Spot Price of Cobalt Sulphate Declines] This week, the spot price of cobalt sulphate declined. Supply side, spot quotes for cobalt sulphate from smelters slightly loosened, and quotes from recycling plants also decreased. Demand side, downstream precursor plants showed weak acceptance of the current cobalt sulphate prices and had not yet initiated procurement actions; while Co3O4 enterprises were mainly in a wait-and-see sentiment, resulting in extremely sluggish spot transactions of cobalt sulphate recently. It is expected that next week, the spot price of cobalt sulphate may maintain a fluctuating trend.

This week, the spot price of cobalt sulphate fell. Supply side, spot quotes for cobalt sulphate from smelters slightly loosened, and quotes from recycling plants also declined. Demand side, downstream precursor plants showed weak acceptance of the current cobalt sulphate prices and had not yet initiated procurement actions. Meanwhile, Co3O4 enterprises were mainly in a wait-and-see sentiment, resulting in extremely sluggish spot trading of cobalt sulphate recently. It is expected that next week, the spot price of cobalt sulphate may maintain a fluctuating trend.

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

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