According to customs data, in November 2024, China's imports of cobalt hydrometallurgy intermediate products were approximately 22,500 mt (metal content, calculated at 35% grade), up 40% MoM and up 43% YoY. Regarding the average import price, in November 2024, the average import price of China's cobalt hydrometallurgy intermediate products was $12,559/mt (metal content). From January to November 2024, the cumulative import volume reached 201,300 mt (metal content, calculated at 35% grade), up 74% YoY.
By country, in November, the DRC remained the main import source, with an import volume of approximately 22,000 mt (metal content, calculated at 35% grade), an average import price of $12,619/mt (metal content), and accounting for about 98% of total imports.
By region, in November, the top three provinces for China's imports of cobalt hydrometallurgy intermediate products were Zhejiang, Hubei, and Hunan, accounting for 29%, 20%, and 11%, respectively.
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