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[SMM Weekly Review] Spot price of cobalt sulphate in the doldrums, downstream maintains wait-and-see attitude
Jun 12, 2025, at 3:57 pm
[SMM Weekly Review] This week, the spot price of cobalt sulphate was in the doldrums. From the supply side, the quotes from mainstream smelters remained relatively stable, while spot quotes for cobalt sulphate from some recycling plants slightly declined. From the demand side, there has been no significant improvement in the order situation of material producers. Additionally, refined cobalt production was cut due to its weak economic viability. Coupled with the ongoing uncertainty surrounding future policies in the DRC, downstream producers generally maintained a wait-and-see sentiment, with purchase willingness remaining consistently low. No bulk purchasing activities have been observed yet. It is expected that the spot price of cobalt sulphate will continue to fluctuate weakly before the official introduction of the policy.
This week, the spot price of cobalt sulphate remained in the doldrums. From the supply side, the quotes from mainstream smelters changed relatively small, while some recyclers slightly lowered their spot quotes for cobalt sulphate. From the demand side, there has been no significant improvement in the order situation of material producers. Additionally, refined cobalt production was cut due to its poor economic performance. Coupled with the ongoing uncertainty surrounding future policies in the DRC, downstream producers generally maintained a wait-and-see sentiment, with consistently low purchase willingness and no bulk purchasing activities observed. It is expected that the spot price of cobalt sulphate will continue to fluctuate weakly before the official implementation of the policies.
