Cobalt chloride: Cobalt chloride offers stable prices, with tightening raw materials supporting future market trends.

This week, the trading atmosphere in the cobalt chloride market cooled WoW, with smelter mainstream quotations maintained at 115,000-118,000 yuan/mt; traders and recycling enterprises raised their quotations to around 115,000 yuan/mt. In terms of transactions, the highest transaction price in the market remained at 115,000 yuan/mt, with only a few low-priced transactions slightly below this level. For magnetic materials, due to small single demand, the highest transaction price rose to 117,000 yuan/mt. Currently, market supply is gradually tightening, and tight raw material supply is expected to continue supporting price rises.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu Yanlin 021-20707875

Zhou Zhicheng 021-51666711