Cobalt Market Report April 2017

Content

Abstract 3
1 Chinese market review 3
1.1 Cobalt ore prices remain stable 3
1.2 Cobalt metal prices decline 3
1.3 Cobalt powder prices retreat 3
1.4 Cobalt carbonate prices edge down 4
1.5 Cobalt sulfate prices down further 4
1.6 Cobalt chloride prices dip continuously 4
1.7 Cobalt tetroxide prices stable 5
1.8 Cobalt oxide prices decline continuously 5
2 International market review 5
2.1 European cobalt metal prices relatively stable 5
2.2 European cobalt oxide prices up 6
2.3 U.Asian Metal Copyright5%min price trend from Mar to Apr 2017 RMBkg 4 Graph 4 Chinese cobalt carbonate 46%min price trend from Mar to Apr 2017 RMBt 4 Graph 5 Chinese cobalt sulfate 20.Asian Metal CopyrightS. cobalt metal prices stable 6
3 Data and analysis on imports and exports 6
3.1 China’s cobalt concentrate imports up by 22% MOM in March 6
3.2 China’s imports of intermediate products by cobalt hydrometallurgy up by 16% MOM in Mar 2017 7
3.3 China’s cobalt metal imports down by 56% MOM in Mar 2017 8
3.4 China’s cobalt tetroxide exports down by 16% MOM in March 8
4 Output statistics 9
4.1 China’s cobalt metal output down by 40% MOM in April 9
4.2 China’s cobalt chloride output up by 113% YOY in April 2017 9
5 Company news 10
5.1 Cobalt Nickel Metal suspends cobalt metal production temporarily 10
5.2 Yanmen New Energy starts producing cobalt chloride 10
6 Industrial news 10
6.1 Berkut Minerals moves into cobalt projects in Scandinavia 10
6.2 Tengyuan Cobalt to be listed by issuing A-shares 10
7 Market outlook 10

Graph content

Graph 1 Chinese cobalt concentrate 6-8% price trend from Mar to Apr 2017 (USD/lb) 3
Graph 2 Chinese cobalt metal 99.8%min price trend from Mar to Apr 2017 (RMB/kg) 3
Graph 3 Chinese cobalt powder 99.5%min price trend from Mar to Apr 2017 (RMB/kg) 4
Graph 4 Chinese cobalt carbonate 46%min price trend from Mar to Apr 2017 (RMB/t) 4
Graph 5 Chinese cobalt sulfate 20.5%min price trend from Mar to Apr 2017 (RMB/t) 4
Graph 6 Chinese cobalt sulfate 20%min price trend from Mar to Apr 2017 (RMB/t) 4
Graph 7 Chinese cobalt chloride 24%min price trend from Mar to Apr 2017 (RMB/t) 5
Graph 8 Chinese cobalt tetroxide 73.5%min price trend from Mar to Apr 2017 (RMB/kg) 5
Graph 9 Chinese cobalt oxide 72%min price trend from Mar to Apr 2017 (RMB/kg) 5
Graph 10 Chinese cobalt oxide 78%min price trend from Mar to Apr 2017 (RMB/kg) 5
Graph 11 European cobalt metal 99.8%min price trend from Mar to Apr 2017 (USD/lb) 6
Graph 12 European cobalt metal 99.3%min price trend from Mar to Apr 2017 (USD/lb) 6
Graph 13 European cobalt oxide 72%min price trend from Mar to Apr 2017 (EUR/kg) 6
Graph 14 U.S.Asian Metal Copyright3%min price trend from Mar to Apr 2017 USDlb 6 Graph 13 European cobalt oxide 72%min price trend from Mar to Apr 2017 EURkg 6 Graph 14 U.Asian Metal Copyright cobalt metal 99.8%min price trend from Mar to Apr 2017 (USD/lb) 6
Graph 15 U.S.Asian Metal Copyright1 Cobalt ore prices remain stable 3 1.Asian Metal Copyright cobalt metal 99.3%min price trend from Mar to Apr 2017 (USD/lb) 6
Graph 16 China’s cobalt concentrate imports by month from Jan 2016 to Mar 2017 (t) 7
Graph 17 China’s imports of intermediate products by cobalt hydrometallurgy by month from Jan 2016 to Mar 2017 (t) 7
Graph 18 China’s cobalt metal imports by month from Jan 2016 to Feb 2017 (t) 8
Graph 19 China’s cobalt tetroxide exports by month from Jan 2016 to Mar 2017 (t) 8
Picture 20 China’s cobalt metal output by month from Jan 2016 to Apr 2017 (ton) 9
Picture 21 China’s cobalt chloride output by month from Jan 2016 to Apr 2017 (ton) 10

Table content

Table 1 China’s cobalt concentrate imports in Mar 2017 7
Table 2 China’s imports of intermediate products by cobalt hydrometallurgy in Mar 2017 7
Table 3 China’s cobalt metal imports in Mar 2017 8
Table 4 China’s cobalt tetroxide exports in Mar 2017 9

.Asian Metal Copyright2 European cobalt oxide prices up 6 2Asian Metal Copyright