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[SMM Analysis] The spot price of refined cobalt slightly increased during the week, while the supply and demand situation remained unchanged.
Mar 27, 2025, at 6:14 pm
【SMM: Spot Price of Refined Cobalt Slightly Increased This Week, Supply and Demand Remained Unchanged】
The spot price of refined cobalt slightly increased this week. Supply side, smelters continued to stand firm on quotes. Demand side, downstream producers have basically completed their monthly procurement, and market inquiries and buying remained slightly weak, but traders' trading enthusiasm improved WoW. In the short term, it is expected that the market supply and demand will hardly change, and the spot price of refined cobalt may maintain a fluctuating trend.
This week, the spot price of refined cobalt slightly increased. Supply side, smelters continued to stand firm on quotes. Demand side, downstream producers have basically completed their monthly procurement, and market inquiries and buying interest remained slightly weak, but traders' trading enthusiasm improved WoW. In the short term, the supply and demand in the market are unlikely to change, and the spot price of refined cobalt may maintain a fluctuating trend.
