This report focuses on the pivotal role of cobalt in the new energy industry chain, providing a weekly comprehensive overview of cobalt, its deeply processed products, and the recycling sector. We continuously track the price changes of cobalt raw materials (cobalt intermediate products), basic cobalt salts (cobalt sulphate, cobalt chloride), and their deeply processed products (refined cobalt, Co3O4, ternary cathode precursor, ternary cathode material, LCO), while also covering market dynamics in second-life application and recycling.