Cobalt Market Report January 2017

Content

Abstract 2
1 Company News 2
1.1 Quzhou Xinya to release cobalt sulfate capacity gradually in 2017 2
1.2 Huayou Cobalt to raise cobalt capacity after the Spring Festival 2
2 Domestic market review 2
2.1 Cobalt concentrate prices rebound slightly 2
2.2 Cobalt metal prices up further 3
2.3 Cobalt powder prices edge up 3
2.4 Cobalt oxide prices rise continuously 3
2.5 Cobalt sulfate prices up dramatically 4
2.6 Cobalt tetroxide prices increase further 4
2.7 Cobalt carbonate supply tight 4
2.8 Cobalt chloride prices recover considerably 5
3 International market review 5
3.1 European cobalt metal prices up 5
3.2 European cobalt oxide prices rebound 5
4 Import and export data 6
4.1 China’s cobalt concentrate and intermediate product imports 6
4.3 China’s cobalt tetroxide exports up by 8% MOM 8
5 Industry News 8
5.1 Glencore to increase stake in Mutanda copper and cobalt mine 8
5.2 Ronbay Materials targets higher ternary material sales to RMB2 billion for 2017 9
5.3 Sherritt releases 2016 cobalt production results and 2017 guidance 9
6 Market outlooks 9

Graph Content

Graph 1 Chinese cobalt concentrate 6-8% price trend in December 2016 and January 2017 (USD/lb) 3
Graph 2 Chinese cobalt metal 99.8%min price trend in December 2016 and January 2017 (RMB/kg) 3
Graph 3 Chinese cobalt powder 99.5%min price trend in December 2016 and January 2017 (RMB/kg) 3
Graph 4 Chinese cobalt oxide 72%min price trend in December 2016 and January 2017 (RMB/kg) 3
Graph 5 Chinese cobalt monoxide 78%min price trend in December 2016 and January 2017 (RMB/kg) 4
Graph 6 Chinese cobalt sulfate 20.5%min price trend in December 2016 and January 2017 (RMB/t) 4
Graph 7 Chinese cobalt sulfate 20%min price trend in December 2016 and January 2017 (RMB/t) 4
Graph 8 Chinese cobalt tetroxide 73.5%min price trend in December 2016 and January 2017 (RMB/kg) 4
Graph 9 Chinese cobalt carbonate 46%min price trend in December 2016 and January 2017 (RMB/kg) 5
Graph 10 Chinese cobalt chloride 24%min price trend in December 2016 and January 2017 (RMB/kg) 5
Graph 11 European cobalt metal 99.8%min price trend in December 2016 and January 2017 (USD/lb) 5
Graph 12 European cobalt metal 99.3%min price trend in December 2016 and January 2017 (USD/lb) 5
Graph 13 European cobalt oxide 72%min price trend in December 2016 and January 2017 (EUR/kg) 6
Graph 14 U.S.Asian Metal Copyright3 China’s cobalt tetroxide exports up by 8% MOM 8 5 Industry News 8 5.Asian Metal Copyright cobalt metal 99.8%min price trend in December 2016 and January 2017 (USD/lb) 6
Graph 15 U.S.Asian Metal Copyright5%min price trend in December 2016 and January 2017 RMBkg 4 Graph 9 Chinese cobalt carbonate 46%min price trend in December 2016 and January 2017 RMBkg 5 Graph 10 Chinese cobalt chloride 24%min price trend in December 2016 and January 2017 RMBkg 5 Graph 11 European cobalt metal 99.Asian Metal Copyright cobalt metal 99.3%min price trend in December 2016 and January 2017 (USD/lb) 6
Graph 16 China’s cobalt concentrate imports by month from January to December 2016 (t/ten thousand dollars) 6
Graph 17 China’s monthly imports of cobalt intermediate products by hydrometallurgy from January to December 2016 (t/ten thousand dollars) 6
Graph 18 China’s cobalt metal imports by month from January to December 2016 (t/ten thousand dollars) 7
Graph 19 China’s cobalt tetroxide exports by month from January to December 2016 (t/ten thousand dollars) 8

Table Content

Table 1 China’s cobalt concentrate imports in December 2016 7
Table 2 China’s imports of cobalt intermediate products by hydrometallurgy in December 2016 7
Table 3 China’s cobalt metal imports in December 2016 7
Table 4 China’s cobalt tetroxide exports in December 2016 8

.Asian Metal Copyright5%min price trend in December 2016 and January 2017 RMBt 4 Graph 7 Chinese cobalt sulfate 20%min price trend in December 2016 and January 2017 RMBt 4 Graph 8 Chinese cobalt tetroxide 73Asian Metal Copyright