The cobalt sulfate price in China has continued higher because of spot tight availability while refineries that suspended operations during the Chinese New Year holiday (January 24-February 2) have gradually resumed operations.
Fastmarkets' price assessment of cobalt sulfate 20.5% Co basis, exw China was 57,000-58,000 yuan ($8,145-8,288) per tonne on Wednesday February 19, up by 0.9% from 56,000-58,000 yuan per tonne previously.Although mainstream cobalt sulfate refineries have restarted operations, it will take a couple of weeks for them to produce as much as they did ahead of the holiday break. Meanwhile, logistics constraints resulting from a...