Major producers of cobalt intermediates suspend quotations; domestic cobalt raw material inventory expected to last until the end of the year; some manufacturers have halted production

The countdown for the cobalt export ban in Congo has begun. Journalists have communicated with several industry insiders and learned that most major producers of cobalt intermediates have suspended pricing, and some manufacturers have halted production due to raw material shortages and other factors. If the cobalt export ban in Congo is extended, cobalt prices are expected to see a significant increase in the short term. According to interviews, CMOC stated that it will properly release resources in accordance with local policy realities to maximize cobalt value; Hanrui Cobalt mentioned that it is controlling order intake to manage sales pace. Currently, most domestic producers' cobalt raw material inventories are expected to last until around the end of the year