SMM

SMM Analysis: Speculative Sentiment Weakens, Spot Refined Cobalt Prices Fall This Week Spot refined cobalt prices fell this week. Supply side, refined cobalt supply was relatively ample. Affected by high upstream raw material prices, smelter profits pulled back, and the willingness to sell decreased. Demand side, downstream inquiries were slightly weaker, overseas trading sentiment weakened, and export prices for refined cobalt pulled back. It is expected that spot refined cobalt prices may continue to weaken next week.