On January 12, the price of cobalt powder (-200 mesh, -300 mesh) in the Shanghai spot market rose, with quotations ranging from 540 to 570 yuan per kilogram, averaging 555 yuan per kilogram, an increase of 5 yuan per kilogram compared to the previous trading day. PriceSeek analysis of cobalt, long-short score: 1. The article reports that the price of cobalt powder (-200 mesh, -300 mesh) in the Shanghai spot market increased by 5 yuan per kilogram, reaching an average of 555 yuan per kilogram, a rise of approximately 0.9%. This indicates a tightening supply-demand dynamic in the spot market, possibly due to stronger downstream demand or short-term supply contraction, which generally supports cobalt spot prices. The score of +1 reflects the positive signal of the spot price increase, but the rise is relatively moderate and does not reach the level of a significant positive impact.