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[SMM Analysis] Cobalt Sulphate Production Declined in January Due to the Impact of the Chinese New Year Holiday
Jan 24, 2025, at 2:53 pm
[SMM Analysis: Cobalt Sulphate Production Declined in January Due to Chinese New Year Holiday] In January 2025, cobalt sulphate production decreased by 16% MoM and 17% YoY. The main reasons for the production decline in January were the impact of the domestic Chinese New Year holiday and weak downstream demand for ternary cathode precursors, leading to significant shutdowns and maintenance at cobalt sulphate smelters. It is expected that in February 2025, the post-holiday resumption of work will be slow, and February itself is a shorter month, so production may continue to decline slightly.
In January 2025, cobalt sulphate production decreased by 16% MoM and 17% YoY. The main reasons for the production decline in January were the impact of the domestic Chinese New Year holiday and weak downstream demand for ternary cathode precursors, leading to significant shutdowns and maintenance at cobalt sulphate smelters, which caused a notable MoM decline in overall January production. It is expected that in February 2025, production may continue to decline slightly due to the slow resumption of work after the Chinese New Year and the shorter natural month of February.
