SMM

SHANGHAI, Jul 4 (SMM) – Cobalt intermediate product prices saw a slight rise last week, prompted by the recent continuous upswing in overseas refined cobalt prices, leading to higher quotes from cobalt miners. Supply-demand imbalances arose as logistical difficulties in DR Congo land transport caused delays in delivery from leading mining companies. This could lead to potential shortages for cobalt salt businesses in Q3. Recent high-value transactions in the intermediary spot market have been noted. Market projections suggest likely price increases for these intermediate products.