Cobalt price outlook Take a read here- outlook still remains strong
In addition to a drop in the price of refined cobalt, the prices of cobalt metal and hydroxide fell by 9.1% and 3.7% respectively mom, a shift Benchmark said was driven by producers and traders lowering offers amid limited feedstock buying activity across the cobalt supply chain.
"Whilst this period of inactivity has exerted downward pressure on prices in recent months, industry contacts commented to Benchmark that there is an expectation that prices are likely to reach a bottom in the coming weeks, with buying activity expected to pick up in mid-to-late Q2… as Chinese refiners return to the market once stocks have been worked through in response to robust downstream demand for cobalt from the lithium-ion battery industry," said Benchmark.
https://www.mining-journal.com/energy-minerals-news/news/1409782/cobalt-prices-tick-lower-in-april