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[Minor metal] China’s Imports of Cobalt Concentrate Reach 20,048mt in May

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SHANGHAI, June 24 (CBI China) -- China&rsquo;s imports of cobalt concentrate totaled 20,048mt during May, up 25% MoM, but down 27% YoY. YTD cumulative imports were 69,684mt.
&nbsp;&nbsp;&nbsp; Market insiders believe more than 20kt of ore imports were larger than current Chinese demand, while the level between 10-15kt matches the demand. The data will likely dampen the market expectations that prices of domestic cobalt products will rise.
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