[Minor metal] Refined Cobalt Prices Continue to Rise Slightly in Domestic Market

SHANGHAI, July 7 (CBI China) -- 90% of refined manganese factories maintained their production. Daily output at large factories with capacity over 30kt/yr was 80-90mt; daily output at medium factories with capacity of 10-30kt/yr was 40mt; daily output at small factories with capacity less than 10kt/yr was about 20mt.
&nbsp;&nbsp;&nbsp; Sources report that although the mine safety inspection was still carried out in Huayuan region, manganese ore supply was ample in Hunan region, with stable prices. The costs were RMB 11,000-12,000/mt for first-class factories and RMB 12,000-12,500/mt for second-class factories in Hunan province.
&nbsp;&nbsp;&nbsp; Today, ex-works prices for refined manganese are RMB 12,900/mt in Hunan province, and the spot supply is ample in the market, restricting upward momentum for the price.
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