The market prices of electrolytic cobalt surged Yuan 29,000/tonne yesterday and the market was still affected by the suspension of cobalt exports in the Democratic Republic of Congo, giving rise to potential supply concerns, which quickly pushed up the prices. The market's trading activity improved, while the traders were reluctant to sell. Meanwhile, some smelters suspended negotiating long-term orders and observed the market changes. It is expected that the electrolytic cobalt prices hike will continue.