Since November, the cobalt market continued to rise, electrolytic cobalt market prices have risen up to the current 34558 $/ton since early November 31176 $/ton, rising more than 10%. Cobalt prices jumped 9% in Shanghai and broke record for many years. In the downstream demand support and the increase of overseas cobalt price, the cobalt oxide market has been growing from mid-October to now, each big supplier price is still rising.