The spot price of cobalt sulphate is in the doldrums, with strong wait-and-see sentiment in the downstream market [SMM Weekly Review of Cobalt Sulphate Market]

This week, the spot price of cobalt sulphate remained in the doldrums. From the supply side, the quotes from mainstream smelters changed relatively little, while some recyclers slightly lowered their spot quotes for cobalt sulphate. From the demand side, given the uncertainties surrounding future policies in the DRC, downstream producers generally adopted a wait-and-see attitude. Additionally, the order situation of material plants did not show significant improvement. As a result, downstream purchase willingness remained low, and no bulk purchasing activities were observed. It is expected that next week, the spot price of cobalt sulphate will continue to fluctuate weakly.

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