Cobalt Market Report June 2017

Content

Abstract 3
1 Chinese market review 3
1.1 Cobalt ore prices up 3
1.2 Cobalt metal prices rebound 3
1.3 Cobalt powder prices go down further 3
1.4 Cobalt carbonate prices hover at low levels 4
1.5 Cobalt sulfate prices edge up 4
1.6 Cobalt chloride prices up gradually 4
1.6 Cobalt tetroxide prices edge up 5
1.7 Cobalt oxide prices up 5
2 International market review .5
2.1 European cobalt metal prices up 5
2.2 European cobalt oxide prices decline sharply 6
2.3 U.Asian Metal Copyright3 China’s cobalt metal imports down by 20% MOM in May 2017 8 3.Asian Metal CopyrightS. cobalt metal prices stable continuously 6
3 Data and analysis on imports and exports 6
3.1 China’s cobalt concentrate imports up by 81% MOM in May 2017 6
3.2 China’s cobalt hydrometallurgy intermediates imports down by 16% MOM in May 2017 7
3.3 China’s cobalt metal imports down by 20% MOM in May 2017 8
3.4 China’s cobalt tetroxide exports down by 39% MOM in May 9
4 Output statistics 9
4.1 China’s cobalt sulfate output up by 31.7% YOY in H1 2017 9
5 Company news 10
5.1 Zhuji Power resumes purchase of cobalt sulfate in late June 10
5.2 Hunan Yacheng sees decreased cobalt tetroxide output in June 10
5.3 Zoomwe Group’s cobalt sulfate consumption rises gradually 10
6 Industrial news 10
6.1 Huayou Cobalt intends to acquire 42% of stake in Bamo-tech 10
6.2 Luoyang Molybdenum succeeds in acquiring TFM 11
7 Market outlook 11

Chart Content

Chart 1 Chinese cobalt concentrate 6-8% price trend from May to June 2017 (USD/lb) 3
Chart 2 Chinese cobalt metal 99.8%min price trend from May to June 2017 (RMB/kg) 3
Chart 3 Chinese cobalt powder 99.5%min price trend from May to June 2017 (RMB/kg) 4
Chart 4 Chinese cobalt carbonate 46%min price trend from May to June 2017 (RMB/t) 4
Chart 5 Chinese cobalt sulfate 20.5%min price trend from May to June 2017 (RMB/t) 4
Chart 6 Chinese cobalt sulfate 20%min price trend from May to June 2017 (RMB/t) 4
Chart 7 Chinese cobalt chloride 24%min price trend from May to June 2017 (RMB/t) 5
Chart 8 Chinese cobalt tetroxide 73.5%min price trend from May to June 2017 (RMB/kg) 5
Chart 9 Chinese cobalt oxide 72%min price trend from May to June 2017 (RMB/kg) 5
Chart 10 Chinese cobalt oxide 78%min price trend from May to June 2017 (RMB/kg) 5
Chart 11 European cobalt metal 99.8%min price trend from May to June 2017 (USD/lb) 6
Chart 12 European cobalt metal 99.3%min price trend from May to June 2017 (USD/lb) 6
Chart 13 European cobalt oxide 72%min price trend from May to June 2017 (EUR/kg) 6
Chart 14 U.S.Asian Metal Copyright2 Luoyang Molybdenum succeeds in acquiring TFM 11 7 Market outlook 11 Chart Content Chart 1 Chinese cobalt concentrate 6-8% price trend from May to June 2017 USDlb 3 Chart 2 Chinese cobalt metal 99.Asian Metal Copyright cobalt metal 99.8%min price trend from May to June 2017 (USD/lb) 6
Chart 15 U.S.Asian Metal Copyright3 Zoomwe Group’s cobalt sulfate consumption rises gradually 10 6 Industrial news 10 6.Asian Metal Copyright cobalt metal 99.3%min price trend from May to June 2017 (USD/lb) 6
Chart 16 China’s cobalt concentrate imports by month from Jan 2016 to May 2017 (t) 7
Chart 17 China’s imports of intermediate products by cobalt hydrometallurgy by month from Jan 2016 to May 2017 (t) 7
Chart 18 China’s cobalt metal imports by month from Jan 2016 to May 2017 (t) 8
Chart 19 China’s cobalt tetroxide exports by month from Jan 2016 to May 2017 (t) 9
Chart 20 China’s monthly output for cobalt sulfate Jan 2016 to June 2017 (t) 10


Table Content

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


.Asian Metal Copyright1 Huayou Cobalt intends to acquire 42% of stake in Bamo-tech 10 6Asian Metal Copyright