In October, China's cobalt chloride production reached 13,619 tonnes, with a month-on-month increase of 14.65% but a year-on-year decrease of 32.52%. In October, the demand for downstream Co3O4 remained relatively stable, with most smelters maintaining consistent production levels. The primary reason for the output increase was the resumption of operations at individual smelters, which contributed to an overall upward trend in cobalt chloride production in October.
In November, China's cobalt chloride may be up 6.07% MoM to 14,446 tonnes, with a decline of 26.67%. In November, the overall dynamics of cobalt chloride supply followed a logic similar to that of October, with production adjustments at individual smelters leading to an upward trend in total output.
Edited by Cassie Li, lixiangying@mysteel.com
