CHINA COBALT SNAPSHOT: Downtrend in cobalt sulfate market pauses but price remains vulnerable amid weak sentiment

Key data from the Wednesday June 5 pricing session in China.

Key drivers Chinese cobalt sulfate price stabilizes due to producers’ efforts to keep their offer prices steady. Consumer demand remains weak amid uncertainty surrounding electric vehicle (EV) sales in the second half of 2019. Chinese battery and battery materials manufacturers have slowed their operations while they await greater clarity on the new EV subsidy policy in the country, particularly the...

Published

Susan Zou

June 06, 2019

04:45 GMT

Shanghai