In November, China's cobalt chloride production reached 20,300 tonnes, with a month-on-month increase of 0.58% and a year-on-year rising of 75.19%. Meanwhile, the first eleven months production totaled 225,770 tonnes, rising 64.51% compared to last year. In November, the cobalt chloride market competition was still fierce and the demand recovery from the Co3O4 market has drove the slight increase in the cobalt chloride production in November.
In December, China's cobalt chloride may be down 1.48% MoM to 20,000 tonnes. As the end of the year approaches, the demand for digital products is gradually slowing down, which in turn has led to a synchronous weakening of the demand for cobalt chloride. At the same time, cobalt sulfate will also replace a portion of cobalt chloride for the demand. Based on this prediction, there will be a certain degree of reduction in cobalt chloride production in December.
Edited by Cassie Li, lixiangying@mysteel.com
