SMM new cobalt hydroxide price announcement

Dear SMM Cobalt and Lithium Industry customers:

In the past two years, the domestic and foreign cobalt prices are hanging / upside down several times, the raw material cost risk of domestic smelting enterprises fluctuates violently, the management difficulty increases, and some enterprises even bear inestimable economic losses. On this occasion, SMM held its first closed-door discussion on cobalt and lithium prices in Yibin, Sichuan Province on April 27, at which industry leaders had a heated discussion on how SMM could provide better pricing reference services to customers in the industry. Among them, the first vote passed the establishment of SMM cobalt hydroxide price node, in order to provide a reference, representative, fair and scientific price reference for the pricing of raw materials in the industry.

After a period of market research, SMM will add a new cobalt hydroxide price point on June 3.

SMM cobalt hydroxide

1. Metal content 25% to 35%, impurity content: magnesium < 6%, manganese < 3%, iron < 3%, aluminum < 3%, CIF China, unit dollar per pound.

two。 Transactions whose content is not within the standard range will be standardized. For specific standardized processing formulas and procedures, please consult the quotation analyst.

3. Bid trading volume: more than 10 metal tons.

4. Update frequency: 13:00 daily.

5. Standard unit:

Zhejiang Huayu Cobalt Industry Co., Ltd.

Greengmei (Jiangsu) Cobalt Industry Co., Ltd.

Jinchuan group co., Ltd.

Jiangxi Jiangwa Cobalt Industry Co., Ltd.

Sheng tun group co., Ltd.

China Color (Shanghai) Trading Co., Ltd.

Xiamen Xiangyu New Energy Co., Ltd.

Guangdong Jiana Energy Technology Co., Ltd.

Jiangsu Xiongfeng Technology Co., Ltd.

Shanghai Gepai New Energy Technology Group Co., Ltd.

Ganzhou Tengyuan Cobalt Industry New material Co., Ltd.

(regardless of the above ranking, the SMM bid units are dynamically updated in order to provide a representative mainstream transaction price for the market. Some of the unlisted positive materials, battery buyers and important seller enterprises are also within the SMM price range)

At the same time, I would like to express my heartfelt thanks to the customers who have been cooperating and helping in the process of quoting SMM cobalt and lithium!

SMM New Energy Research team

Contact information: Hong Lu 021 5166 6814

27 May 2019