Monthly Cobalt Market Report Mar 2019

Content
1 Market Highlights 3
2. Economy and Policy 3
2.1 Three departments jointly confirm VAT rate reduction and export tariff reimbursement adjustment 3
2.2 New energy subsidy for 2019 published 3
2.3 China.Asian Metal Copyright1 Alloy and magnet markets 9 6.Asian Metal Copyright U.Asian Metal Copyright3 BMW to stop purchasing Congo cobalt in 202021 7 5 Producers Statistics 8 5.Asian Metal CopyrightS. have 8th and 9th rounds of trade talk 3
3 Market Movements 3
3.1 Market Movements in China 3
3.1.1 Cobalt raw material prices down further 3
3.1.2 Cobalt metal prices down 4
3.1.3 Cobalt powder prices down further 4
3.1.4 Cobalt carbonate prices down 4
3.1.5 Cobalt sulfate prices stabilize after falling 4
3.1.6 Cobalt chloride prices down 5
3.1.7 Cobalt tetroxide prices down greatly 5
3.1.8 Cobalt oxide prices down further 5
3.2 Market Movements Abroad 6
3.2.1 European cobalt metal prices stabilize after falling 6
3.2.2 European cobalt oxide prices down further 6
3.2.3 American cobalt metal prices stabilize after falling 7
4. Company News 7
4.1 Tianjin Maolian and Wanbao Minerals sign SPA of Co-Cu containing material 7
4.2 Chengdu Nuclear Industry Eight Five Seven halts cobalt powder production 7
4.3 BMW to stop purchasing Congo cobalt in 2020/21 7
5 Producers Statistics 8
5.1 China's cobalt metal output up by 56.8% MOM in Mar 8
5.2 China's cobalt powder output up by 7.2% YOY in Mar 8
5.3 China's cobalt sulfate output up by 3.4% MOM in Mar 8
5.4 China's cobalt chloride output up by 7.6% MOM in Mar 9
5.5 China's cobalt tetroxide output up by 9.2% MOM in Mar 9
6. Relevant Industry News 9
6.1 Alloy and magnet markets 9
6.2 Battery market 9
6.3 Ceramic and chemical markets 9
7 Market Outlook for Next Month 10
7.1 Cobalt concentrate and intermediates 10
7.2 Cobalt metal 10
7.3 Cobalt powder 10
7.4 Cobalt carbonate 10
7.5 Cobalt sulfate 10
7.6 Cobalt chloride 10
7.7 Cobalt tetroxide 10
7.8 Cobalt oxide 10

Graph Content
Graph 1 alt concentrate 6-8% price trend in China in Feb-Mar 2019 (USD/lb) 3
Graph 2 Cobalt intermediates 20-30% price trend in China in Feb-Mar 2019 (USD/lb) 3
Graph 3 Cobalt metal 99.8%min price trend in China in Feb-Mar 2019 (RMB/kg) 4
Graph 4 Cobalt powder 99.5%min price trend in China in Feb-Mar 2019 (RMB/kg) 4
Graph 5 Cobalt carbonate 46%min price trend in China in Feb-Mar 2019 (RMB/t) 4
Graph 6 Cobalt sulfate 20.5%min price trend in China in Feb-Mar 2019 (RMB/t) 5
Graph 7 Cobalt chloride 24%min price trend in China in Feb-Mar 2019 (RMB/t) 5
Graph 8 Cobalt tetroxide 73.5%min price trend in China in Feb-Mar 2019 (RMB/kg) 5
Graph 9 Cobalt oxide 72%min price trend in China in Feb-Mar 2019 (RMB/kg) 5
Graph 10 Cobalt monoxide 78%min price trend in China in Feb-Mar 2019 (RMB/kg) 6
Graph 11 Cobalt metal 99.8%min price trend in Europe in Feb-Mar 2019 (USD/lb) 6
Graph 12 Cobalt metal 99.3%min price trend in Europe in Feb-Mar 2019 (USD/lb) 6
Graph 13 Cobalt oxide 72%min price trend in Europe in Feb-Mar 2019 (EUR/kg) 6
Graph 14 Cobalt metal 99.8%min price trend in America in Feb-Mar 2019 (USD/lb) 7
Graph 15 Cobalt metal 99.3%min price trend in America in Feb-Mar 2019 (USD/lb) 7
Graph 16 China's monthly output of cobalt metal from Jan 2018 to Mar 2019 (ton) 8
Graph 17 China's monthly output of cobalt powder from Jan 2018 to Mar 2019 (ton) 8
Graph 18 China's monthly output of cobalt sulfate from Jan 2018 to Mar 2019 (ton) 8
Graph 19 China's monthly output of cobalt chloride from Jan 2018 to Mar 2019 (ton) 9
Graph 20 China's monthly output of cobalt tetroxide from Jan 2018 to Feb 2019 (ton) 9


.Asian Metal Copyright5 China's cobalt tetroxide output up by 9Asian Metal Copyright