







This week, the spot price of refined cobalt declined slightly. Supply side, the market is still digesting the pace of social inventory reduction. The economic efficiency of refined cobalt production remains relatively low, leading to a slight decrease in the capacity utilisation rate of smelters and a minor decline in their quoted prices. Demand side, downstream producers have not significantly altered their purchasing pace, maintaining just-in-time procurement. Inquiries and buying interest remain relatively mediocre. It is anticipated that next week, the spot price of refined cobalt will continue to fluctuate.
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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