Cobalt Market Report July 2017

Content
Abstract 3
1 Chinese market review 3
1.1 Cobalt ore prices stable 3
1.2 Cobalt prices fall back after increases 3
1.3 Cobalt powder prices move down further 3
1.4 Cobalt carbonate prices decline further 4
1.5 Cobalt sulfate prices drop 4
1.6 Cobalt chloride prices slip 4
1.7 Cobalt tetroxide prices fall back 5
1.8 Cobalt oxide prices edge down 5
2 International market review 5
2.1 European cobalt metal prices up 5
2.2 European cobalt oxide prices stable 6
2.3 U.Asian Metal CopyrightS.Asian Metal CopyrightS. cobalt metal prices continue to hold stable 6
3 Data analysis on imports and exports 7
3.1 China’s cobalt concentrate imports down by 38.7% YOY in H1 2017 7
3.2 China’s cobalt hydrometallurgy intermediates imports up by 32.7% YOY in H1 2017 7
3.3 China’s cobalt metal imports down by 16% MOM in June 2017 8
3.4 China’s cobalt tetroxide exports down by 23.8% MOM in H1 9
4 Output statistics 10
4.1 China’s cobalt sulfate output down by 9.3% MOM in July 10
4.2 China’s cobalt powder output down by 9.8% MOM in July 2017 10
5 Company news 11
5.1 Huayou Cobalt increases new cobalt sulfate capacity 11
5.2 Zhuji Power to raise NCM precursor capacity 11
5.3 Pengxin Resources to open new business of cobalt hydrometallurgy intermediates 11
6 Industrial development 11
6.1 Luoyang Molybdenum inks agreement on cobalt sales and lithium development with Shanshan Corporation 11
6.2 Jinchuan International Resources reports a highest-ever cobalt output of 460t in June 12
6.3 Glencore inks large cobalt deal, securing EV battery supplies for VW 12
7 Market outlook 12

Graph contents
Graph 1 Chinese cobalt concentrate 6-8% price trend from June to July 2017 3
Graph 2 Chinese cobalt metal 99.8%min price trend from June to July 2017 3
Graph 3 Chinese cobalt powder 99.5%min price trend from June to July 2017 4
Graph 4 Chinese cobalt carbonate 46%min price trend from June to July 2017 4
Graph 5 Chinese cobalt sulfate 20.5%min price trend from June to July 2017 4
Graph 6 Chinese cobalt sulfate 20%min price trend from June to July 2017 4
Graph 7 Chinese cobalt chloride 24%min price trend from June to July 2017 5
Graph 8 Chinese cobalt tetroxide 73.5%min price trend from June to July 2017 5
Graph 9 Chinese cobalt oxide 72%min price trend from June to July 2017 5
Graph 10 Chinese cobalt oxide 78%min price trend from June to July 2017 5
Graph 11 European cobalt metal 99.8%min price trend from June to July 2017 6
Graph 12 European cobalt metal 99.3%min price trend from June to July 2017 6
Graph 13 European cobalt oxide 72%min price trend from June to July 2017 6
Graph 14 U.S.Asian Metal Copyright1 Luoyang Molybdenum inks agreement on cobalt sales and lithium development with Shanshan Corporation 11 6.Asian Metal Copyright cobalt metal 99.8%min price trend from June to July 2017 6
Graph 15 U.S.Asian Metal Copyright5%min price trend from June to July 2017 5 Graph 9 Chinese cobalt oxide 72%min price trend from June to July 2017 5 Graph 10 Chinese cobalt oxide 78%min price trend from June to July 2017 5 Graph 11 European cobalt metal 99.Asian Metal Copyright cobalt metal 99.3%min price trend from June to July 2017 7
Graph 16 China’s cobalt concentrate imports by month from 2016 to 2017 7
Graph 17 China’s imports of intermediate products by cobalt hydrometallurgy from 2016 to 2017 7
Graph 18 China’s cobalt metal imports by month from 2016 to 2017 8
Graph 19 China’s cobalt tetroxide exports by month from 2016 to 2017 9
Graph 20 China’s monthly output for cobalt sulfate from 2016-2017 10
Graph 21 China’s cobalt powder output by month from 2016 -2017 10

Table contents
Table 1 China’s cobalt concentrate imports in June 2017 7
Table 2 China’s imports of intermediate products by cobalt hydrometallurgy in June 2017 8
Table 3 China’s cobalt metal imports in June 2017 9
Table 4 China’s cobalt tetroxide exports in June 2017 9
.Asian Metal Copyright2 China’s cobalt hydrometallurgy intermediates imports up by 32Asian Metal Copyright