For those that are interested, search for the word 'cobalt' when you download the report.
Cobalt Market Update: Q1 2023 in Review
Additionally, some Chinese refiners may be looking to make a profit by buying hydroxide at low prices and converting it into cobalt metal to sell, he added.
“The cost of converting hydroxide into metal is currently a lot cheaper than buying metal at today's prices, and we've heard that several refiners may already be looking into this for Q2,” Aubry said. “This would somewhat improve hydroxide demand, though it is unclear to what extent.”
In terms of prices, a surge in demand from cathode manufacturers is unlikely during the second quarter.
“So notwithstanding a black swan event, hydroxide and sulfate prices are likely to remain suppressed,” Aubry said.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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