CHINA COBALT SNAPSHOT: Rising futures buoy spot prices despite weak downstream demand

Key data from the Friday July 10 pricing session in Shanghai.

Key drivers

China's cobalt metal prices edge up amid rising local futures prices with investors’ appetites strengthening on cobalt demand optimism from the electric vehicle (EV) sector after news that BMW Group signed a €100 million ($113 million) contract to secure cobalt supply. Spot demand remained sluggish, however. ...


Susan Zou

July 10, 2020

14:05 GMT