China cobalt sulfate prices fall further; cobalt hydroxide payable drops to 2-year low

China’s cobalt sulfate prices continued fall in the week to Wednesday June 9, on thin buying, high stocks and competition from lower-cost scrap-fed material - despite signs of improved demand and sentiment after the lifting of Covid-19 lockdowns in Shanghai, sources told Fastmarkets.

A key raw material in the production of nickel-cobalt-manganese (NCM) batteries for electric vehicles (EVs), cobalt sulfate market participants said it may not be until July or August that demand and...

Published

Carrie Shi

Zihao Li

June 09, 2022

15:35 GMT

Beijing, Shanghai