SMM

SMM Cobalt Morning Meeting Summary: This week, influenced by the policy of extending the export ban in the DRC, both the futures market and spot price of refined cobalt saw significant increases. On the supply side, most refined cobalt smelters continued to maintain long-term contract supplies, with fewer spot order quotations. After observing the market for several trading days, traders gradually resumed quotations and maintained a refusal to budge on prices. On the demand side, at the beginning of the week, influenced by the policy, inquiries from traders and end-users increased significantly, and actual transactions were sporadically reported.