In February 2026, China's cobalt sulfate production amounted to 18,667 tonnes, representing a month-on-month increase of 4.82% and a year-on-year increase of 2.52%. During February, NCM precursor manufacturers secured new orders, leading to rising demand for cobalt. Additionally, major producers experienced shorter downtime during the Chinese New Year holiday, contributing to the rise in cobalt sulfate output for the month.
In March 2026, China's cobalt sulfate production is expected to reach 17,886 tonnes, reflecting a month-on-month decrease of 4.18% and a year-on-year decrease of 23.16%. In March, downstream demand for cobalt sulfate is anticipated to remain weak, with smelters' operating rates already at historically low levels. Consequently, cobalt sulfate production is projected to decline slightly in March.
Edited by Cassie Li, lixiangying@mysteel.com
