SMM Weekly Review: Slight Decline in Refined Cobalt Prices Amid Year-End Quiet Market

[SMM Weekly Review: Refined Cobalt Prices Dropped Slightly This Week] Refined cobalt prices dropped slightly this week.

Supply side, the current spot market remains well-supplied. Demand side, the overall market was relatively quiet at year-end, with weak spot purchase willingness. Market conditions, as year-end falls in the industry's off-season, overall trading sentiment remained subdued.

Next week, as logistics and transportation are expected to halt, the spot market trading sentiment may remain subdued, and refined cobalt prices are likely to fluctuate relatively small.