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[SMM Weekly Review] This week, the spot price of cobalt sulphate stopped falling and rebounded
Jun 26, 2025, at 3:29 pm
[SMM Weekly Review] This week, influenced by policies in the DRC, cobalt sulphate prices stopped falling and rebounded. On the supply side, smelters and traders maintained their quotes near the previous highs. On the demand side, downstream ternary enterprises' orders have not shown significant improvement yet, and they have decided to wait and see, focusing on digesting previous inventory. Refined cobalt purchases remain suspended due to its poor economic viability. Overall, after the policy announcement, the current market sentiment for cobalt sulphate has improved significantly compared to last week. However, due to the rapid price increases by upstream suppliers and the uncertain future situation, downstream purchase willingness remains weak, and actual market transactions are limited. It is expected that cobalt sulphate prices will temporarily stabilize next week, awaiting feedback from actual market transactions.
This week, influenced by policies in the DRC, cobalt sulphate prices stopped falling and rebounded. On the supply side, smelters and traders maintained their quotes near the previous highs. On the demand side, orders from downstream ternary enterprises showed no significant improvement, and they remained on the sidelines to observe the market, focusing on digesting previous inventory. Due to poor economic viability, purchases of refined cobalt remained suspended. Overall, after the policy was introduced, market sentiment for cobalt sulphate improved significantly compared to last week. However, due to rapid price increases by upstream suppliers and the uncertain future situation, downstream purchase willingness was weak, and actual market transactions were limited. It is expected that cobalt sulphate prices will stabilize temporarily next week, pending feedback from actual market transactions.
