Monthly Cobalt Market Report Dec 2017

Contents

1. Monthly Highlights 3
2. Company News 3
2.1 Changsha Shunyang Metal halts production for maintenance 3
2.2 Hanrui Cobalt to build production lines of 3,000tpy cobalt powder and 5,000tpy cobalt hydroxide 3
3. Chinese Market 3
3.1 Economy and Policy 3
3.1.Asian Metal Copyright4 China's cobalt tetroxide exports up by 13.Asian Metal Copyright1 China's PMI was 51.6 percent in December 3
3.2 Market Movements 3
3.2.1 Cobalt ore prices soar 3
3.2.2 Cobalt metal prices up significantly 4
3.2.3 Cobalt powder prices up further 4
3.2.4 Cobalt carbonate prices up substantially 4
3.2.5 Cobalt sulfate prices edge up 4
3.2.6 Cobalt chloride prices rebound further 5
3.2.7 Cobalt tetroxide prices go up 5
3.2.8 Cobalt oxide prices soar 5
4. International Market 6
4.1 Market Movements 6
4.1.1 European cobalt metal prices rebound swiftly 6
4.1.2 European cobalt oxide prices edge up 6
4.1.3 American cobalt metal prices up further 6
5. Producers Statistics 7
5.1 China's cobalt sulfate output up by 15.3% YOY in 2017 7
5.2 China's cobalt chloride output up by 11.3% YOY in December 2017 7
5.3 China's cobalt tetroxide output up by 11.5% YOY in December 8
6. Customs Statistics 8
6.1 China's cobalt hydrometallurgy intermediates imports up by 21.9% MOM in November 2017 8
6.2 China's cobalt concentrate imports up by 88.3% MOM in November 2017 9
6.3 China's cobalt metal imports down largely by 50% in November 2017 9
6.4 China's cobalt tetroxide exports up by 13.7% MOM in November 2017 10
7. Relevant Industrial News 10
7.1 Huayou Cobalt subsidiary subscribes for NZC's additional shares 10
7.2 GEM's subsidiary signs supply agreement of lithium ion battery precursor materials 10
8. Market Outlook for Next Month 11
8.1 Price trend for cobalt ore and cobalt metal 11
8.2 Price trend for cobalt powder and cobalt carbonate 11
8.3 Price trend for cobalt sulfate and cobalt chloride 11
8.4 Price trend for cobalt tetroxide and cobalt oxide 11

Graph 1 Cobalt concentrate 6-8% price trend in China in Nov 2017 (USD/lb) 3
Graph 2 Cobalt metal 99.8%min price trend in China in Dec 2017 (RMB/kg) 4
Graph 3 Cobalt powder 99.5%min price trend in China in Dec 2017 (RMB/kg) 4
Graph 4 Chinese cobalt carbonate 46%min price trend in Dec 2017 (RMB/t) 4
Graph 5 Cobalt sulfate 20.5%min price trend in China in Dec 2017 (RMB/t) 4
Graph 6 Cobalt sulfate 20%min price trend in China in Dec 2017 (RMB/t) 5
Graph 7 Cobalt chloride 24%min price trend in China in Dec 2017 (RMB/t) 5
Graph 8 Cobalt tetroxide 73.5%min price trend in China in Dec 2017 (RMB/kg) 5
Graph 9 Cobalt oxide 72%min price trend in China in Dec 2017 (RMB/kg) 5
Graph 10 Cobalt protoxide 78%min price trend in China in Dec 2017 (RMB/kg) 5
Graph 11 Cobalt metal 99.8%min price trend in Europe in Dec 2017 (USD/lb) 6
Graph 12 Cobalt metal 99.3%min price trend in Europe in Dec 2017 (USD/lb) 6
Graph 13 Cobalt oxide 72%min price trend in Europe in Dec 2017 (EUR/kg) 6
Graph 14 Cobalt metal 99.8%min price trend in U.Asian Metal Copyright in Dec 2017 USDlb 6 Graph 15 Cobalt metal 99.Asian Metal CopyrightS. in Dec 2017 (USD/lb) 6
Graph 15 Cobalt metal 99.3%min price trend in U.Asian Metal Copyright4 Cobalt carbonate prices up substantially 4 3.Asian Metal CopyrightS. in Dec 2017 (USD/lb) 7
Graph 16 China's monthly output for cobalt sulfate from Jan 2016 to Dec 2017 (ton) 7
Graph 17 China's monthly stocks of cobalt metal from Jan 2016 to Dec 2017 (t) 7
Graph 18 China's monthly cobalt chloride output from Jan 2016 to Dec 2017 (ton) 7
Graph 19 China's cobalt tetroxide output by month from Jan 2016 to Dec 2017 (ton) 8
Graph 20 China's monthly imports for cobalt hydrometallurgy intermediates from Jan 2016 to Dec 2017 (ton) 8
Graph 21 China's monthly imports of cobalt concentrate from Jan 2016 to Nov 2017 (ton) 9
Graph 22 China's monthly imports of cobalt metal from Jan 2016 to Nov 2017(ton) 9
Graph 23 China's monthly cobalt tetroxide exports by country from Jan 2016 to Nov 2017 (ton) 10

Table 1 China's imports of cobalt hydrometallurgy intermediates in Nov 2017 8
Table 2 China's imports of cobalt concentrate in Nov 2017 9
Table 3 China's cobalt metal imports in Nov 2017 9
Table 4 China's cobalt tetroxide exports in Nov 2017 10



.Asian Metal Copyright3 American cobalt metal prices up further 6 5Asian Metal Copyright