The nonferrous metal Sector has rebounded from the bottom, with Zhejiang Huayou Cobalt and several other stocks rising over 5%.

New Wilin rose over 10%, with Zhejiang Huayou Cobalt, Tengyuan Cobalt, and Jchx Mining Management all rising over 5%, and Guangxi Huaxi Nonferrous Metal, Shandong Yulong Gold, and Nanjing Hanrui Cobalt also seeing significant increases. On the news front, CITIC SEC Research Reports pointed out that the government of the Democratic Republic of the Congo announced on February 24 a decision to suspend cobalt exports for four months. In 2024, the country's cobalt production will account for 76% of the Global total. If this policy is strictly enforced in 2025, it could affect a supply of 0.067 million tons of cobalt, potentially leading to a shortage of Global cobalt supply in 2025 and driving cobalt prices to continue rising.