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  Spot price of refined cobalt slightly recovered [SMM Weekly Review of Refined Cobalt Market]

  [SMM Weekly Review of Refined Cobalt Market: Refined Cobalt Spot Price Shows Slight Recovery] This week, the spot price of refined cobalt has recovered. Supply side, production cuts at refined cobalt smelters continue, and the market is still digesting social inventory. Demand side, orders from downstream producers have not seen significant recovery, and producers are still maintaining a purchasing pace of production scheduling based on demand, with no significant inventory-building actions observed downstream. According to the latest news, the DRC has not yet announced relevant policies on cobalt export bans, and it is expected to announce follow-up measures in June. It is anticipated that there will be no significant changes in the short-term supply and demand situation next week, and the price of refined cobalt may fluctuate.

• [SMM Weekly Review] Spot Lithium Hydroxide Market Trends for 5.12-5.15

• [SMM Weekly Review] Weekly Market Trends of Lithium Ore from May 12 to May 15

• Macro front factors influence rare earth prices to remain stable at a high level [SMM Rare Earth Weekly Review]

  [SMM Rare Earth Weekly Review: Rare Earth Prices Remain High Amid Macro Front Factors] The price of Pr-Nd oxide increased significantly this week, with most market participants' bullish sentiment strengthening and suppliers raising their quotes. Meanwhile, amid tight supply of ion-adsorption ore, the prices of medium-heavy rare earths such as dysprosium oxide and terbium oxide also held up well this week. The price of yttrium oxide remained stable at 50,000-52,000 yuan/mt this week, with relatively small market fluctuations.

• Domestic social inventory recorded an increase, while SHFE zinc recorded a bearish candlestick [SMM Zinc Futures Brief Comment]

  [Domestic Social Inventory Records Increase, SHFE Zinc Posts a Bearish Candlestick]: The most-traded SHFE zinc 2506 contract opened at 22,750 yuan/mt. Subsequently, as bulls reduced their positions, SHFE zinc fluctuated downward, dipping to a low of 22,545 yuan/mt during the session. It eventually closed lower at 22,590 yuan/mt, down 120 yuan/mt or 0.53%. Trading volume decreased to 152,000 lots, while open interest fell by 5,891 lots to 99,050 lots...