The uncertainties surrounding cobalt supply and demand in the near term amid the continuing Covid-19 pandemic has led more Chinese salts smelters to take on tolling business to mitigate risk.
The virus has had an unprecedented effect on the global economy with manufacturing sectors around the world forced to slow in attempts to halt its spread, a dynamic which eventually dented buying interest for cobalt amid stagnant demand for end products like electric vehicles (EVs) and consumer electronics.Similarly, Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China fell...