SMM

[SMM Analysis: Refined Cobalt Prices Fluctuated Downward This Week] This week, refined cobalt prices remained stable. Supply side, the current spot market inventory is relatively high, and the market has sufficient circulating supply. Demand side, there is rigid demand inquiry from downstream, but market transaction volumes are limited. Overall, due to the supply surplus in the market, both refined cobalt producers and traders hold a certain level of inventory, leading to spot prices fluctuating downward. Looking ahead, as the oversupply situation remains evident, spot prices are expected to have further downward potential.