From: Shanghai Metals Market
After the Spring Festival, the price of metal cobalt in the spot market has soared. As of March 1st, the price of SMM electrolytic cobalt broke 600 thousand yuan / tonne. In March 2nd, the price of SMM was flat, 375 thousand yuan / ton compared to the same period last year, and the price rose by 60%. Recently, many suppliers have stopped "retail" and even no longer offer quotations.
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