Once upon a time, the price of cobalt once soared to 60W per ton, but now it has fallen to 20W per ton, which is embarrassing. One can't help but wonder when this decline will stop?And the cobalt industry, which was once regarded as the star of the lithium battery track, still has a chance to be reborn?Looking back, Huayou Cobalt and Hanrui Cobalt, two companies that used to make a living from cobalt, are now sighing, as if they were chased by the word A, and from a long-term perspective, they seem to be moving towards a bottoming process. Recently, Hanrui Cobalt also issued an announcement on the cancellation of the repurchase of shares, as if to show people its determination and action. 
However, everything in the world has a cycle, and ups and downs are the norm. We cannot deny the value of the cobalt industry just because of a temporary downturn. After all, the importance of cobalt, as the core raw material of lithium batteries, cannot be ignored. With the progress of science and technology and the continuous expansion of the new energy market, the demand for cobalt is bound to continue to grow. In this volatile market, we cannot easily say that the cobalt industry has completely declined. Perhaps, this is the time when we need to pay close attention to market changes, as well as business dynamics. Perhaps in the near future, with technological progress or changes in the market environment, the cobalt industry will once again be revitalized. In general, although the current cobalt price is sluggish, and the performance of Huayou Cobalt and Hanrui Cobalt is not satisfactory, this does not mean that the cobalt industry has no chance of rebirth. In the context of market changes, we need to maintain keen observation and calm judgment to identify those potential opportunities. After all, each cycle has its own unique rhythm and rhythm, and all we need to do is listen quietly and grasp the opportunities that belong to us. 
According to this, the profit and loss of trading is at your own risk, and you need to be cautious when entering the market if there is a risk.