Cobalt Tetroxide Surges by 3500 Yuan/Ton, Cobalt Salt Refineries Reduce Production - SMM Weekly Observation

【SMM Weekly Observation: Cobalt Tetroxide Jumps by 3500 Yuan/Ton in a Single Day, Some Cobalt Salt Refineries Further Reduce Production】

In the first week after New Year's Day, in the cobalt market, the spot prices of electrolytic cobalt, which has been rising for two consecutive weeks, finally temporarily stabilized, while the prices of cobalt salt and cobalt tetroxide once again rose. The price of cobalt tetroxide, which briefly stabilized last week, jumped by 3500 yuan/ton in a single day on January 3, showing particularly eye-catching performance... SMM has compiled the price changes of cobalt products this week, as follows: ......