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Cobalt Daily: Cobalt salt prices to face further downward pressure in the near term

Source: Mysteel Aug 07, 2026 09:01
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Cobalt Demand Price Supply
Overall, the cobalt salt market continued to exhibit weakness on both the supply and demand sides yesterday.The market is currently in its traditional off-season for consumption, with downstream enterprises, including end-markets such as ternary battery and passenger vehicle manufacturers, operating at reduced capacity, resulting in sluggish demand. At the same time, the release of low-cost resources has also exerted downward pressure on prices.In the absence of demand support from concentrated restocking by downstream players, prices for cobalt sulfate and cobalt chloride are expected to face further downward pressure in the near term.

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