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Spot price of cobalt sulphate declines slightly [SMM Weekly Review of Cobalt Sulphate Market]
May 08, 2025, at 2:50 pm
[SMM Weekly Review of Cobalt Sulphate Market: Spot Price of Cobalt Sulphate Declines Slightly] The spot price of cobalt sulphate has declined slightly. Supply side, cobalt salt smelters continue to stand firm on quotes, but some recycling plants have slightly lowered their cobalt sulphate quotes due to financial pressure. There has been a slight reduction in old social inventory, with low-priced old stocks being gradually absorbed by the market. Demand side, downstream producers exhibit strong wait-and-see sentiment, and market inquiries are extremely mediocre. It is expected that in the near future, if the DRC introduces follow-up policies on cobalt, it may stimulate downstream producers to make purchases, potentially leading to a rebound in spot transactions of cobalt sulphate.
The spot price of cobalt sulphate declined slightly. Supply side, cobalt salt smelters continued to stand firm on their quotes, but some recycling plants slightly lowered their cobalt sulphate quotes due to financial pressure. There was a slight reduction in old social inventory, and low-priced old stocks were being gradually absorbed by the market. Demand side, downstream producers maintained a strong wait-and-see sentiment, and market inquiries were extremely mediocre. It is expected that in the near future, if the DRC introduces follow-up policies on cobalt, it may stimulate downstream producers to make purchases, potentially leading to a rebound in spot cobalt sulphate transactions.
