Monthly Cobalt Market Report Jan 2022

1 Market Highlights

Markets of cobalt metal 99.8%, cobalt powder 99.Asian Metal Copyright5%min and cobalt carbonate 46%min prices went up in January although consumers from NCM precursor and cobalt powder 99.Asian Metal Copyright5%min and cobalt oxide 72%min witnessed increasing prices in January due to rising cobalt intermediate 20-30% prices.Asian Metal Copyright Encouraged by producers' increasing costs, Chinese cobalt sulfate 20.Asian Metal Copyright Consumers of cobalt metal and cobalt powder replenished stocks for end of the year, while those of cobalt oxide held wait-and-see attitudes affected by the weak demand.

Encouraged by producers' increasing costs, Chinese cobalt sulfate 20.5%min and cobalt carbonate 46%min prices went up in January although consumers from NCM precursor and cobalt powder 99.Asian Metal Copyright Consumers of cobalt metal and cobalt powder replenished stocks for end of the year, while those of cobalt oxide held wait-and-see attitudes affected by the weak demand.Asian Metal Copyright5%min industries just purchased from hand to mouth under such high prices.

Although demand of 3C market kept weak, Chinese cobalt chloride 24%min and cobalt tetroxide 73.5%min prices picked up in January owing to rising cobalt intermediate 20-30% prices.

.Asian Metal Copyright5%min industries just purchased from hand to mouth under such high pricesAsian Metal Copyright