Spot price of cobalt intermediate products holds up well [SMM Weekly Review of Cobalt Intermediate Products Market]

This week, the spot price of cobalt intermediate products held up well. According to the latest news, the DRC has not yet announced its follow-up policies on cobalt exports, which are expected to be announced in June. On the supply side, traders are maintaining their quotes for cobalt intermediate products, and the current mainstream spot quotes for cobalt intermediate products have risen slightly and remained high, following the buying sentiment. On the demand side, as some downstream producers have already completed their stockpiling activities, there has been little purchasing activity recently, and the spot trading of cobalt intermediate products has been somewhat mediocre. It is expected that cobalt intermediate products will operate in a relatively stable manner next week.

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