SMM

[SMM Analysis: Cobalt Salt Prices Dropped Slightly This Week] This week, cobalt salt prices dropped slightly. Supply side, the operating rate of cobalt salt smelters remained at a low level. Demand side, the market only met basic procurement needs, showing overall weakness with sluggish trading volume. Due to the inactive market trading atmosphere, prices struggled to remain stable and declined again. It is expected that next week, the market supply and demand situation will see no substantial improvement, and spot prices will still face the risk of a slight decline.