On November 10, the price of electrolytic cobalt surged Yuan 9,000/t to Yuan 389,000-415,000/tonne from the previous trading day. Moreover, the price of cobalt sulfate and cobalt chloride remained stable at Yuan 86,000-93,000/tonne and 103,000-110,000/tonne individually. The sentiment in the cobalt salt market was cooled, with downstream inquiries remaining subdued. However, smelters' offers were still at elevated levels due to persistently high raw material costs, leading to the muted trading atmosphere. Some producers even suspended quotations due to weak demand, adopting a wait-and-see approach in the short term. Cobalt sulfate prices are expected to remain stable in the short term, though upward momentum persists in the long run.