In July, the production of cobalt decreased by 17.29% compared to the previous month, while prices continued to rise.

According to statistics from the China Nonferrous Metals Industry Association, the total output of cobalt in July decreased by 17.29% compared to the previous month and decreased by 48.21% compared to the same period last year. The overall operating rate of manufacturers is now below 50%, with most manufacturers still maintaining a strategy of suspending external quotations. Due to the high raw material prices, industry players have strong price support sentiment, and it is expected that the price of cobalt may continue to fluctuate upwards in the short term.