China cobalt sulfate prices slide on lackluster demand; hydroxide market softens

摘要

China’s cobalt sulfate price fell in the mid-week pricing session on Wednesday October 30 after coming under pressure from lackluster demand amid an underperformance in the country’s electric vehicle (EV) market. Fastmarkets assessed the price of cobalt sulfate 20.5% Co basis, exw China at 52,000-55,000 yuan ($7,365-7,790) per tonne on Wednesday, down by 3,000-4,000 yuan per tonne - or 6.1% - from 56,000-58,000 yuan per tonne on October 25.