FOCUS: Higher production cost pushes up cobalt sulfate price in China

October 22, 2021 / www.metalbulletin.com / Article Link

Cobalt sulfate prices have trended upward since early September this year due to continuously higher raw materials costs and the rising cost of chemical auxiliary materials despite thin downstream demand, sources told Fastmarkets.

Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price was assessed at 89,000-93,000 yuan ($13,914-14,539) per tonne on Wednesday October 20, up by 1,000 yuan per tonne from 88,000-92,000 yuan per tonne on October 15. The price was up by 13,000-14,000 yuan per tonne from 76,000-79,000 yuan per tonne on September 1, when prices began to trend upward.
Downstream buying for the raw material has not significantly improved because most buyers remained cautious on higher prices and hesitated in purchasing large volumes of materials.

In late September, consumers from the nickel-cobalt-manganese (NCM) battery precursor materials sector cut their production by at least 30% due to the power cut policy in China. Though some precursor producers' production returned to normal in October, purchasing activity remained low and sources expect more production curbs in winter, which...

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok