In June 2026, China's electrolytic cobalt production totaled 390 tonnes, down 2.5% month-on-month and 85% year-on-year. The twin pressures of feedstock shortages and weak demand remained unresolved throughout June, with market operations expected to continue relying primarily on the depletion of hidden inventories.
For July 2026, China's electrolytic cobalt output is projected at approximately 390 tonnes, flat month-on-month but plummeting 87.22% year-on-year. The triple headwinds of raw material scarcity, elevated production costs, and persistent demand weakness are unlikely to reverse in the near term. Consequently, electrolytic cobalt production is highly likely to sustain its current subdued, low-level operational trajectory.
Source: Mysteel
Edited by Cassie Li, lixiangying@mysteel.com
