Cobalt producers switch from sulfate to metal production, alleviating tightness in metal supplies

A number of major Chinese cobalt producers have modified production lines to increase cobalt metal production over sulfate to maximize profits and mitigate the impact of cobalt sulfate weakness, market sources have told Fastmarkets.

Fastmarkets' latest price assessment for cobalt sulfate, Co 20.5% basis, China ex-works was at 36,500-38,000 yuan ($5,021-5,227) per tonne on Wednesday September 13, unchanged from the previous session.


Angeline Shi

September 15, 2023

14:15 GMT