On March 4, the price of electrolytic cobalt surged Yuan 14,473/tonne to Yuan 429,009-430,136/tonne from the previous trading day. In addition, the prices of cobalt chloride and cobalt sulfate continued to remain stable at 115,000-119,000/t and 95,000/t-99,000/t respectively.In terms of the cobalt sulfate market, downstream NCM precursor industry has entered traditional off season, maintaining only essential demand purchases. Post-holiday, some manufacturers temporarily refused to make quotations, some maintained pre-holiday price levels, only a few manufacturers quoted at Yuan 95,000/tonne.