Domestic Cobalt Chloride Prices Continue Climbing Slightly

China's domestic cobalt chloride prices continued to advance, and mainstream traded prices were in the RMB 76,000-77,000/mt range. SMM believes that cobalt chloride prices are pursed up by LME cobalt price hikes as well as price increases of domestic ore.

It was reported that traded prices of China's domestic cobalt ore (6%) advanced to RMB 255,000/mt at present.

 

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