Fastmarkets assessed the price of cobalt sulfate 20.5% Co basis, exw China
at 52,000-55,000 yuan ($7,365-7,790) per tonne on Wednesday, down by 3,000-4,000 yuan per tonne - or 6.1% - from 56,000-58,000 yuan per tonne on October 25.
Mainstream offers were around 53,000-54,000 yuan per tonne this week, and large-tonnage deals were concluded at around 52,000 yuan per tonne. Some suppliers were heard to have cut offers to 50,000 yuan per tonne amid sluggish demand.
Consumers are largely taking a cautious approach to spot...