Cobalt Market Report July 2011
2012-01-04 13:36:15 【Print】
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European cobalt market participants began to start their summer vacation in July, so demand decreased accordingly
. At the same time, demand from industries of lithium battery, cemented carbide, pigment, and so on also went into the off season . Impacted by weak demand, cobalt price continued to fall from early July, and market sentiment was low . Cobalt price had come down to the lowest level since 2009 . The main reason was the plus supply . We could see it from the Chinese cobalt market . In the first half of 2011, China imported about 186,077t of cobalt concentrates in total, rising by about 2 . 8% compared with the same period of last year . Meanwhile, China imported 31,580t of intermediate cobalt products, up by about 47 . 8% compared with that in the first half of 2010.