In November, China's cobalt sulphate production increased by 5% MoM but decreased by 12% YoY. The main reason for the increase in November's production was the recovery in downstream precursor demand, leading to an increase in integrated production. Although the production of cobalt sulphate by smelting and processing enterprises declined, the overall production still recovered compared to October due to the offsetting effect.
It is expected that the overall market situation will remain stable in December, with little fluctuation in cobalt sulphate production.
