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[SMM Analysis] Mainstream Refined Cobalt Smelters Operating at Full Capacity, December Refined Cobalt Production Maintains Growth
Dec 31, 2024, at 4:54 pm
[SMM Analysis: Mainstream Refined Cobalt Smelters Operated at Full Capacity, December Refined Cobalt Production Maintained Growth]
In December 2024, China's refined cobalt production was up 4% MoM and up 117% YoY. The main reason for the production increase in December was that mainstream refined cobalt smelters maintained high operating rates, and some smelters operated at full capacity to meet annual production targets. As a result, overall refined cobalt production in December maintained growth. Refined cobalt production in January 2025 is expected to see relatively small fluctuations.
In December 2024, China's refined cobalt production was up 4% MoM and up 117% YoY. The main reasons for the production increase in December were that major refined cobalt smelters maintained high operating rates, and some refined cobalt smelters operated at full capacity in December to meet their annual production targets. As a result, the overall refined cobalt production in December remained on an upward trend. Refined cobalt production is expected to remain relatively stable in January 2025.
