CHINA COBALT SNAPSHOT: Downtrend in cobalt sulfate market pauses but price remains vulnerable amid weak sentiment

摘要

Key data from the Wednesday June 5 pricing session in China. - Chinese cobalt sulfate price stabilizes due to producers’ efforts tokeep their offer prices steady.- Consumer demand remains weak amid uncertainty surroundingelectric vehicle (EV) sales in the second half of 2019.- Chinese battery and battery materials manufacturers haveslowed their operations while they await greater clarity on the newEV subsidy policy in the country, particularly the dual credits policy which is likely to be revised in the near term, according to marketsources.