On January 14, the price of cobalt powder (-200 mesh, -300 mesh) in the Shanghai spot market increased, with quotations ranging from 540 to 575 yuan per kilogram and an average price of 557.5 yuan per kilogram, up by 2.5 yuan per ton compared to the previous trading day. PriceSeek analysis of cobalt, long-short score: 1. The article indicates that the price of cobalt powder in the Shanghai spot market has risen, with quotations ranging from 540 to 575 yuan per kilogram and an average price of 557.5 yuan per kilogram, up by 2.5 yuan per ton compared to the previous trading day (given that the quotation unit is yuan per kilogram, the increase may be 2.5 yuan per kilogram, representing an approximate increase of 0.45%). This suggests a tight supply-demand balance in the spot market, with increased demand or reduced supply, which has a positive impact on the spot price of cobalt. The score of +1 indicates a generally positive outlook, as the increase is small but the trend is clear.