SMM

[SMM Weekly Review: Cobalt Salt Prices Remained Stable This Week] This week, cobalt salt prices temporarily remained stable. In terms of supply, due to the generally low operating rates of smelters, cobalt salt production declined. On the demand side, the willingness for early stockpiling in the ternary cathode precursor and Co3O4 markets was weak, resulting in continued sluggish demand for cobalt salt. However, supported by raw material costs, cobalt salt producers also reduced their intention to sell at low prices, keeping market prices temporarily stable. It is expected that next week, the supply and demand situation in the market will see no substantial changes, and spot prices will still face the risk of a slight drop.