In October, China's cobalt sulfate production totaled 14,406 tonnes, with an increase of 2.36% MoM and a decline of 26.40% YoY. In October, the production of downstream ternary precursors increased, leading to a rise in cobalt demand from the ternary sector. Coupled with the resumption of production at some factories that had previously halted for maintenance, the output of cobalt sulfate saw a month-on-month growth in October.
In November, China's cobalt sulfate production is estimated to 14,699 tonnes, moving up 2.03% MoM while dropping 21.64% YoY. In November, the market demand for cobalt sulfate experienced a slight contraction, though the change was minimal. Smelters' production schedules remained relatively stable. Additionally, with the completion of maintenance at some production lines, operational rates gradually returned to normal levels. Overall, the total output of cobalt sulfate in November is expected to remain largely unchanged.
Edited by Cassie Li, lixiangying@mysteel.com
