This week, the spot price of Co3O4 experienced a slight decline. Supply side, most smelters maintained their previous quotations without significant adjustments. Demand side, the market showed weakness with low activity. Some producers have already completed necessary purchases, leading to decreased acceptance of high-priced Co3O4 and a reduction in trading activities. Based on current market dynamics and demand trends, it is expected that the price of Co3O4 will continue to face downward pressure next week.
