n November 25, the price of electrolytic cobalt was unchanged at Yuan 400,000-415,000/tonne from the previous trading day. At the same time, the prices of cobalt sulfate and cobalt chloride remained stable at Yuan 86,000-93,000/tonne and 103,000-110,000/tonne respectively. Downstream demand has remained sluggish recently, putting pressure on cobalt sulfate and cobalt chloride shipments. However, with cobalt feedstock prices staying elevated, cobalt salt smelters had limited room for price reductions. This led to a stalemate between buyers and sellers, with downstream procurement focusing on cost considerations and restocking only for essential needs. Against the backdrop of tightening raw material supply, cobalt sulfate continues to hold potential for long-term upward momentum. In addition, cobalt chloride continues to enjoy firm cost support, and its price is projected to maintain an upward trajectory.