FOCUS: Chinese cobalt sulfate price underpinned despite near-term EV demand uncertainty

Despite uncertainty surrounding downstream demand, the price of cobalt sulfate in China has jumped by more than 12% so far this year, with suppliers either offering the material at aggressively high levels or holding back from sales.

Fastmarkets’ price assessment for cobalt sulfate 20.5% Co basis, exw China was 49,000-51,000 yuan ($7,080-7,369) per tonne on Friday January 10, up by 5,000-6,000 yuan per tonne - or 11.1%...

Published

Susan Zou

January 13, 2020

10:40 GMT

Shanghai