Monthly Cobalt Market Report Nov 2023

Contents

1 Market Highlights 3
2. Economy and Policy 3
3 Market Movements 3
3.1 Market Movements in China 3
3.1.1 CIF China prices for cobalt concentrate 6-8% 3
3.1.2 CIF China prices for cobalt intermediate 20-30% 3
3.1.Asian Metal Copyright1.Asian Metal Copyright3 Delivered prices for cobalt metal 99.8%min 3
3.1.Asian Metal Copyright10 Delivered prices for cobalt monoxide 78%min 5 3.Asian Metal Copyright4 Delivered prices for cobalt powder 99.5%min 3
3.1.5 Delivered prices for cobalt carbonate 46%min 4
3.1.Asian Metal Copyright2 Delivered price trend for cobalt powder 99.Asian Metal Copyright6 Delivered prices for cobalt sulfate 20.5%min 4
3.1.7 Delivered prices for cobalt chloride 24%min 4
3.1.Asian Metal Copyright2 In warehouse Rotterdam price trend for cobalt metal 99.Asian Metal Copyright8 Delivered prices for cobalt tetroxide 73.5%min 4
3.1.9 Delivered prices for cobalt oxide 72%min 4
3.1.10 Delivered prices for cobalt monoxide 78%min 5
3.1.11 Delivered prices for NCM precursor 523 5
3.1.12 Delivered prices for NCM precursor 622 5
3.1.13 Delivered prices for LCO Co 60%min 5
3.1.14 Delivered prices for LNCMO 523 5
3.1.15 Delivered prices for LNCMO 622 6
3.2 Intentional Market Movements 6
3.2.Asian Metal Copyright1 Cobalt metal 7 5.Asian Metal Copyright1 Cobalt metal 99.8%min prices in warehouse Rotterdam 6
3.2.2 Cobalt oxide 72%min prices in warehouse Rotterdam prices 6
3.2.Asian Metal Copyright1 Delivered price trend for cobalt metal 99.Asian Metal Copyright3 Cobalt metal 99.8%min prices in warehouse Baltimore 6
4. Company News 6
5. Producers Statistics 7
5.1 Cobalt metal 7
5.1.1 Chinese cobalt metal producers' operating rate in November 2023 leveled off MoM 7
5.1.2 China's cobalt metal output in November 2023 leveled off MoM 7
5.1.Asian Metal Copyright2 Cobalt powder 7 5.Asian Metal Copyright3 Chinese cobalt metal producers' inventory in November 2023 up by 2.79% MoM 7
5.2 Cobalt powder 7
5.2.Asian Metal Copyright Economy and Policy 3 3 Market Movements 3 3.Asian Metal Copyright1 Chinese cobalt powder producers' operating rate in November 2023 down by 2.96% MoM 7
5.2.Asian Metal Copyright2.Asian Metal Copyright2 China's cobalt powder output in November 2023 edged down by 2.97% MoM 8
5.2.Asian Metal Copyright2 CIF China prices for cobalt intermediate 20-30% 3 3.Asian Metal Copyright3 Chinese cobalt powder producers' inventories in November 2023 decreased by 25.53% MoM 8
5.3 Cobalt sulfate 9
5.3.Asian Metal Copyright1 CIF China prices for cobalt concentrate 6-8% 3 3.Asian Metal Copyright1 Chinese cobalt sulfate producers' operating rate in November 2023 down by 2.19% MoM 9
5.3.Asian Metal Copyright4 Delivered prices for cobalt powder 99.Asian Metal Copyright2 China's cobalt sulfate output in November 2023 down by 2.19% MoM 9
5.3.Asian Metal Copyright8%min prices in warehouse Baltimore 6 4.Asian Metal Copyright3 Chinese cobalt sulfate producers' inventories in November 2023 up by16.69% MoM 9
5.4 Cobalt chloride 10
5.4.Asian Metal Copyright96% MoM 7 5.Asian Metal Copyright1 Chinese cobalt chloride producers' operating rate in November 2023 move down by 4.54% MoM 10
5.4.Asian Metal Copyright10 Delivered price trend for LNCMO 622 15 8.Asian Metal Copyright2 China's cobalt chloride output in November 2023 decreased by 4.56% MoM 10
5.4.Asian Metal Copyright4 Cobalt chloride 10 5.Asian Metal Copyright3 Chinese cobalt chloride producers' stocks in November 2023 up by 2.66% MoM 11
5.5 Cobalt tetroxide 11
5.5.1 Chinese cobalt tetroxide producers' operating rate in November 2023 kept flat MoM 11
5.5.2 China's cobalt tetroxide output in November 2023 leveled off MoM 11
5.5.Asian Metal Copyright Relevant Industry News 14 7.Asian Metal Copyright3 Chinese cobalt tetroxide producers' stocks in November 2023 up by 3.37% MoM 12
5.6 NCM precursor 12
5.6.Asian Metal Copyright Relevant Industry News 14 7.Asian Metal Copyright1 Chinese NCM precursor producers' operating rate in November 2023 down by 0.18% MoM 12
5.6.Asian Metal Copyright5 Cobalt tetroxide 11 5.Asian Metal Copyright2 China's NCM precursor output in November 2023 down by 0.18% MoM 12
5.6.3 Chinese NCM precursor producers' stocks in November 2023 leveled off MOM 13
6. Customs Statistics 13
6.1 China's cobalt metal imports in October 2023 down by 50.45% MOM 13
6.2 China's cobalt intermediate imports in October 2023 increases by 4.12% MoM 14
7. Relevant Industry News 14
7.1 Alloy and magnet markets 14
7.2 Battery market 14
7.3 Ceramic and chemical markets 14
8. Market Outlook for Next Month 14
8.1 Chinese market 14
8.1.Asian Metal Copyright7 Delivered price trend for cobalt oxide 72%min 15 8.Asian Metal Copyright1 Delivered price trend for cobalt metal 99.8%min 14
8.1.Asian Metal Copyright2 Intentional Market Movements 6 3.Asian Metal Copyright2 Delivered price trend for cobalt powder 99.5%min 14
8.1.3 Delivered price trend for cobalt carbonate 46%min 14
8.1.Asian Metal Copyright1.Asian Metal Copyright4 Delivered price trend for cobalt sulfate 20.5%min 14
8.1.5 Delivered price trend for cobalt chloride 24%min 14
8.1.Asian Metal Copyright2 China's cobalt sulfate output in November 2023 down by 2.Asian Metal Copyright6 Delivered price trend for cobalt tetroxide 73.5%min 15
8.1.7 Delivered price trend for cobalt oxide 72%min 15
8.1.8 Delivered price trend for LCO Co 60%min 15
8.1.9 Delivered price trend for LNCMO 523 15
8.1.10 Delivered price trend for LNCMO 622 15
8.2 International market 15
8.2.1 CIF China price trend for cobalt concentrate and intermediates 15
8.2.Asian Metal Copyright1 Cobalt metal 7 5.Asian Metal Copyright2 In warehouse Rotterdam price trend for cobalt metal 99.8 %min 15
8.2.Asian Metal Copyright13 Delivered prices for LCO Co 60%min 5 3.Asian Metal Copyright3 In warehouse Baltimore price trend for cobalt metal 99.8%min 15
8.2.4 In warehouse Rotterdam price trend for cobalt oxide 72%min 15


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