Cobalt Market Report August 2017

Content
Abstract 2
1 Chinese market review 3
1.1 Cobalt ore prices up 3
1.2 Cobalt metal prices up 3
1.3 Cobalt powder prices rebound 3
1.4 Cobalt carbonate prices up 4
1.5 Cobalt sulfate prices rebound 4
1.6 Cobalt chloride prices up sharply 4
1.7 Cobalt tetroxide prices down slightly 5
1.8 Cobalt oxide prices up sharply 5
2 International market review 6
2.1 European cobalt metal prices up 6
2.2 European cobalt oxide prices stable continuously 6
2.3 U.Asian Metal Copyright8%min price trend from Jul to Aug 2017 USDlb 6 Graph 15 U.Asian Metal CopyrightS. cobalt metal prices up 6
3 Data analysis on imports and exports 7
3.1 China’s cobalt hydrometallurgy intermediates imports sharply down by 68% MOM in July 7
3.2 China’s cobalt metal imports down by 39% MOM in July 9
3.3 China’s cobalt tetroxide exports down by 24.4% MOM in July 9
4 Output statistics 10
4.1 Chinese cobalt sulfate output declines by 19.1% MOM in August 10
4.2 China’s cobalt metal output down by 20% MOM in August 11
5 Company news 11
5.1 Kaishi ceases cobalt metal production 11
5.2 Jiangsu Xiongfeng resumes cobalt salt production 12
5.3 Changsha Shunyang increases cobalt tetroxide capacity 12
6 Related industry development 12
6.1 Fourth round of central environmental inspection to begin 12
6.2 Easpring Material Technology signs nickel-cobalt ore off-take agreement 12
6.3 Huayou Cobalt to invest in Australian company for expanding African lithium ore market 12
6.4 Glencore inks large cobalt deal, securing EV battery supplies for VW 12
7 Market outlook 13

Graph content
Graph 1 Chinese cobalt concentrate 6-8% price trend from Jul to Aug 2017 (USD/lb) 3
Graph 2 Chinese cobalt metal 99.8%min price trend from Jul to Aug 2017 (RMB/kg) 3
Graph 3 Chinese cobalt powder 99.5%min price trend from Jul to Aug 2017 (RMB/kg) 3
Graph 4 Chinese cobalt carbonate 46%min price trend from Jul to Aug 2017 (RMB/t) 4
Graph 5 Chinese cobalt sulfate 20.5%min price trend from Jul to Aug 2017 (RMB/t) 4
Graph 6 Chinese cobalt sulfate 20%min price trend from Jul to Aug 2017 (RMB/t) 4
Graph 7 Chinese cobalt chloride 24%min price trend from Jul to Aug 2017 (RMB/t) 4
Graph 8 Chinese cobalt tetroxide 73.5%min price trend from Jul to Aug 2017 (RMB/kg) 5
Graph 9 Chinese cobalt oxide 72%min price trend from Jul to Aug 2017 (RMB/kg) 5
Graph 10 Chinese cobalt oxide 78%min price trend from Jul to Aug 2017 (RMB/kg) 5
Graph 11 European cobalt metal 99.8%min price trend from Jul to Aug 2017 (USD/lb) 6
Graph 12 European cobalt metal 99.3%min price trend from Jul to Aug 2017 (USD/lb) 6
Graph 13 European cobalt oxide 72%min price trend from Jul to Aug 2017 (EUR/kg) 6
Graph 14 U.S.Asian Metal Copyright3 U.Asian Metal Copyright cobalt metal 99.8%min price trend from Jul to Aug 2017 (USD/lb) 6
Graph 15 U.S.Asian Metal Copyright5%min price trend from Jul to Aug 2017 RMBkg 3 Graph 4 Chinese cobalt carbonate 46%min price trend from Jul to Aug 2017 RMBt 4 Graph 5 Chinese cobalt sulfate 20.Asian Metal Copyright cobalt metal 99.3%min price trend from Jul to Aug 2017 (USD/lb) 6
Graph 16 China’s monthly imports of cobalt hydrometallurgy intermediates (t) 7
Graph 17 China’s monthly imports of cobalt concentrate (t) 7
Graph 18 China’s imports of cobalt metal by month (t) 8
Graph 19 China’s exports of cobalt tetroxide by month (t) 9
Graph 20 China’s output of cobalt sulfate by month (t) 10
Graph 21 China’s cobalt metal output by month (t) 10

Table content
Table 1 China’s imports of intermediate products by cobalt hydrometallurgy in July2017 7
Table 2 China’s cobalt concentrate imports in July 2017 7
Table 3 China’s cobalt metal imports in July 2017 8
Table 4 China’s cobalt tetroxide exports in July 2017 9

.Asian Metal Copyright4 Glencore inks large cobalt deal, securing EV battery supplies for VW 12 7 Market outlook 13 Graph content Graph 1 Chinese cobalt concentrate 6-8% price trend from Jul to Aug 2017 USDlb 3 Graph 2 Chinese cobalt metal 99Asian Metal Copyright