[SMM Weekly Review: Refined Cobalt Price Maintains Fluctuating Trend] This week, the spot price of refined cobalt maintained a fluctuating trend. Supply side, the economic efficiency of refined cobalt production was relatively low, leading to a slight decline in the capacity utilisation rate of smelters and a minor decrease in supply, while quotations remained stable. Demand side, the future policy direction of the DRC remained uncertain, and there were no significant changes in the purchasing pace of downstream producers, who continued to make just-in-time procurement. Inquiries and buying interest were relatively mediocre. It is expected that before the official introduction of the policy, the spot price of refined cobalt will continue to maintain a fluctuating trend.
This week, the spot price of refined cobalt maintained a fluctuating trend. Supply side, the economic efficiency of refined cobalt production remained relatively low, leading to a slight decline in smelters' capacity utilisation rate and a minor decrease in supply. However, the quoted prices remained stable. Demand side, with the future policy direction of the DRC still uncertain, downstream producers' purchasing pace has not changed significantly, and they continue to maintain a just-in-time procurement rhythm. Inquiries and buying interest remained relatively mediocre. It is expected that before the official implementation of the policy, the spot price of refined cobalt will continue to maintain a fluctuating trend.
