Cobalt Market Report March 2017

Contents

Abstract 3
1 Chinese market review 3
1.1 Cobalt ore prices remain relative stable 3
1.2 Cobalt metal prices hover at a high level 3
1.3 Cobalt powder prices stabilize at a high level 3
1.4 Cobalt oxide prices fall back 4
1.5 Cobalt sulfate prices down 4
1.6 Cobalt tetroxide market sees few transactions 5
1.7 Cobalt carbonate remain stable at a high level 5
1.8 Cobalt chloride prices up slightly 5
2 International market review 5
2.1 Prices for European cobalt metal up continuously 5
2.2 European cobalt oxide prices up dramatically 6
2.3 U.Asian Metal Copyright cobalt metal 99.Asian Metal CopyrightS. cobalt metal prices up 6
3 Data and analysis on imports and exports 7
3.1 China’s cobalt concentrate imports up by 89% MOM in February 7
3.2 China’s imports of intermediate products by cobalt hydrometallurgy down by 7% MOM in Feb 2017 7
3.3 China’s cobalt metal imports significantly up by 159% MOM in Feb 2017 8
3.4 China’s cobalt tetroxide exports down by 10% MOM in Feb 2017 9
4 Company news 10
4.1 Dalong Huicheng New Material plans to put cobalt sulfate into production 10
5 Industrial news 10
5.1 Latin claims cobalt concessions in Argentina 10
5.2 Kairos indentifies significant cobalt potential at Roe Hills 11
5.3 Global Energy Metals inks strategic partnership agreement with Easpring to develop cobalt projects 11
6 Market outlook 11

Graphs

Graph 1 Chinese cobalt concentrate 6-8% price trend from Feb to Mar 2017 (USD/lb) 3
Graph 2 Chinese cobalt metal 99.8%min price trend from Feb to Mar 2017 (RMB/kg) 3
Graph 3 Chinese cobalt powder 99.5%min price trend from Feb to Mar 2017 (RMB/kg) 4
Graph 4 Chinese cobalt oxide 72%min price trend from Feb to Mar 2017 (RMB/kg) 4
Graph 5 Chinese cobalt oxide 78%min price trend from Feb to Mar 2017 (RMB/kg) 4
Graph 6 Chinese cobalt sulfate 20.5%min price trend from Feb to Mar 2017 (RMB/t) 4
Graph 7 Chinese cobalt sulfate 20%min price trend from Feb to Mar 2017 (RMB/t) 5
Graph 8 Chinese cobalt tetroxide 73.5%min price trend from Feb to Mar 2017 (RMB/kg) 5
Graph 9 Chinese cobalt carbonate 46%min price trend from Feb to Mar 2017 (RMB/t) 5
Graph 10 Chinese cobalt fluoride 24%min price trend from Feb to Mar 2017 (RMB/t) 5
Graph 11 European cobalt metal 99.8%min price trend from Feb to Mar 2017 (USD/lb) 6
Graph 12 European cobalt metal 99.3%min price trend from Feb to Mar 2017 (USD/lb) 6
Graph 13 European cobalt oxide 72%min price trend from Feb to Mar 2017 (EUR/kg) 6
Graph 14 U.S.Asian Metal Copyright3 Cobalt powder prices stabilize at a high level 3 1.Asian Metal Copyright cobalt metal 99.8%min price trend from Feb to Mar 2017 (USD/lb) 6
Graph 15 U.S.Asian Metal Copyright cobalt metal 99.Asian Metal Copyright cobalt metal 99.3%min price trend from Feb to Mar 2017 (USD/lb) 6
Graph 16 China’s cobalt concentrate imports by month from Jan 2016 to Feb 2017 (t) 7
Graph 17 China’s imports of intermediate products by cobalt hydrometallurgy by month from Jan 2016 to Feb 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 Feb 2017 (t) 9

Tables

Table 1 China’s cobalt concentrate imports in Feb 2017 7
Table 2 China’s imports of intermediate products by cobalt hydrometallurgy in Feb 2017 7
Table 3 China’s cobalt metal imports in Feb 2017 8
Table 4 China’s cobalt tetroxide exports in Feb 2017 10

.Asian Metal CopyrightContents Abstract 3 1 Chinese market review 3 1Asian Metal Copyright