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[Minor metal] SMM Forecast - Domestic Cobalt Market
SHANGHAI, Oct. 30 (SMM) -- Cobalt prices still have upward momentum next week in view of rising MB prices. Cobalt oxide (II, III) prices advanced during this week, and orders increased as well. In this context, transactions are expected to improve next week in cobalt salt market, and cobalt prices will move up as well. In the mean time, the rising raw material prices will also help drive up lithium cobalt oxide prices.
Next week, refined cobalt will be traded at RMB 350,000/mt; cobalt chloride will be traded at RMB 75,000/mt; prices will be RMB 65,000/mt for cobalt sulfate; prices will be RMB 235,000 for cobalt oxide (II, III); prices will be RMB 250,000/mt for lithium cobalt oxide.
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