Cobalt sulfate prices in China retreated slightly in the first half of the week with concerns over a persistent slump in demand outweighing feedstock supply constraints, but market participants expect any drop to be only limited in the near term.
Nevertheless market participants are taking a watchful stance in terms of the moves of cobalt sulfate - and whether the persistent weak demand might accelerate the downturn or slow the downswing will be a main theme for longer period of time.Battery raw materials prices had been on a slight uptrend since mid-May, rising 6.4% over the month, with producers managing to achieve higher sales prices because of cobalt hydroxide supply disruptions caused by the Covid-19 lockdown in South Africa in...