On January 5th, the price of cobalt powder (-200 mesh, -300 mesh) in the Shanghai spot market increased, with quotations ranging from 500 to 520 yuan per kilogram and an average price of 510 yuan per kilogram, up by 2.5 yuan per kilogram compared to the previous trading day. PriceSeek's analysis of cobalt, with a long-short score of +1, reports that the price of cobalt powder in the Shanghai spot market rose by 2.5 yuan per kilogram on January 5th, reaching an average of 510 yuan per kilogram. This indicates tight supply or increased demand in the spot market, which is favorable for cobalt spot prices. Although the increase is small, the sustained upward trend reflects positive market sentiment, earning a score of moderately positive +1.