In February 2026, China's Co3O4 production amounted to 7,670 tonnes, representing a month-on-month decrease of 10.61% and a year-on-year increase of 5.21%. The decline in February was primarily attributed to the Chinese New Year holiday, which resulted in fewer production days for smelters. Additionally, LCO battery cell manufacturers had partially front-loaded their demand, contributing to the slight dip in Co3O4 output.
In March 2026, China's Co3O4 production is expected to reach 7,720 tonnes, marking a month-on-month increase of 0.65% but a year-on-year decrease of 17.84%. The anticipated production recovery in March is moderate, with output projected to be lower compared to January, with a similar number of production days. This is due to the tight supply of cobalt raw materials in China, prompting smelters to prioritize the fulfillment of long-term contract deliveries.
Edited by Cassie Li, lixiangying@mysteel.com
