China’s Cobalt Powder Production Sees Modest Growth in October

China's cobalt powder production increased by 3.97% month-on-month in October, reaching 773.5 tonnes, while also rising 7.28% compared to the same period last year. From January to October, total production reached 7,978 tonnes, marking a year-on-year growth of 12.29%.

In October, overall demand for cobalt powder was moderate, and the market saw the presence of numerous low-priced sources. As a result, some smelters resorted to selling at reduced prices, leading to a decline in transactions. Despite this, many enterprises reported being saturated with orders, and operating rates continued to increase steadily. Consequently, the overall operating rates of cobalt powder production in China remained stable.