The spot price of cobalt intermediate products remained relatively stable, with downstream players starting to adopt a wait-and-see attitude [SMM Weekly Review of Cobalt Intermediate Products Market]

Published: May 22, 2025 16:42

Save

[SMM Weekly Review of Cobalt Intermediate Products Market: Spot prices of cobalt intermediate products remain stable, with downstream players adopting a wait-and-see attitude] Currently, the goods circulating in the market are still from traders, who maintain relatively high quotes. On the demand side, due to the uncertainty surrounding the subsequent policies in the DRC, downstream producers are generally adopting a wait-and-see sentiment. This week, inquiries and buying interest have been slightly weak, and spot transactions of cobalt intermediate products have been sluggish. It is expected that cobalt intermediate products will continue to operate in a relatively stable manner in the near future.

Currently, the goods circulating in the market are still from traders, and the quotations remain relatively high. On the demand side, due to the uncertainty surrounding the subsequent policies in the DRC, downstream producers are generally adopting a wait-and-see sentiment. This week, inquiries and buying interest have been slightly weak, and spot transactions of cobalt intermediate products have been sluggish. It is expected that cobalt intermediate products will continue to operate at a relatively stable level in the near future.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Li Yueming 021-51666809

Zhou Zhicheng 021-51666711

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

21 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

21 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

21 hours ago