Cobalt prices fell for three consecutive months and are still falling. According to the data released by Shanghai Steel Union on July 1, the quoted price of electrolytic cobalt was 373000 yuan / ton, down 17% month on month. The prices of cobalt oxides such as cobalt chloride and cobalt sulfate have been falling. The price of cobalt oxide from the separation of tungsten and cobalt in some parts of Hunan and the waste cobalt processed by manufacturers in Shandong and Zhejiang also fell seriously. Some customers said that the falling price of cobalt had a serious impact on profits.
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