On December 12, the price of electrolytic cobalt dropped Yuan 945/tonne to Yuan 409,444-411,111/tonne from the previous trading day. Moreover, the prices of cobalt sulfate and cobalt chloride both remained unchanged at Yuan 90,000/t-93,000/t and 105,000-110,000/tonne respectively.Following high-priced procurement by downstream end-users, the market has re-entered a phase of relative calm. Low-priced resources have become scarce, and overall market prices are gradually rising. New cobalt sulfate offers surpassed Yuan 90,000/tonne, however, downstream demand remained somewhat sluggish, with cobalt sulfate currently facing a situation of nominal pricing with few actual transactions. As of now, no cobalt raw materials have been shipped out of the Democratic Republic of Congo, and raw material supply remains tight. Upward pressure on cobalt sulfate prices persists, with the market maintaining a steady trend in the near term.