Lithium battery sector index skyrocketed

From the lithium battery industry index, it can be seen that on May 18th, the lithium battery industry index was 3,684 points, an increase of 154 points compared to the previous day. In May, the lithium battery industry index surged, and the lithium battery market rebounded. In the price rise and fall list of the lithium battery sector in May, there were 3 products that rose and 2 products that fell. In May, the price of lithium carbonate skyrocketed, followed by lithium hydroxide and ferrous lithium phosphate. In May, lithium salts prices surged, and the lithium battery sector index rose. Supported by the industrial sector, the momentum for cobalt price increase in the future is increasing.

This week, domestic cobalt prices fluctuated and rose slightly

According to data monitoring from SunSirs, as of May 18th, the cobalt price was 256,700 RMB/ton, an increase of 0.27% compared to May 11th, when the cobalt price was 256,000 RMB/ton. This week, the cobalt market fluctuated and consolidated, with cobalt prices slightly fluctuating and rising.

Lithium salts prices skyrocketed in May

According to the Commodity Market Analysis System of SunSirs, due to the limited supply of upstream raw material lithium mica and the high price of overseas imported spodumene concentrate, some mica enterprises and lithium salt factories had occasionally reduced production due to cost inversion and other issues. The operating rate of lithium carbonate fell, and the market's spot supply was tight. In May, the price of lithium carbonate skyrocketed. As of May 18th, the industrial grade price of lithium carbonate was 277,000 RMB/ton, an increase of 59.20% compared to the price of 174,000 RMB/ton on May 1st; On May 18th, the price of lithium carbonate battery grade was 300,000.00 RMB/ton, an increase of 50% compared to the price of 200,000 RMB/ton on May 1st. The price of lithium carbonate has skyrocketed, driving the atmosphere of the downstream lithium hydroxide market. The attitude of the industry towards price had increased, and the prices of enterprises had increased, resulting in a significant increase in lithium hydroxide prices.

 Lithium cobaltate prices surged in May

According to the Commodity Market Analysis System of SunSirs, the price of lithium cobaltate significantly increased in May. As of May 18th, the price of lithium cobaltate was 270,000 RMB/ton, an increase of 36,000 RMB/ton or 15.38% compared to the price of 234,000 RMB/ton on May 1st. The price of lithium cobaltate skyrocketed, the support for the rise of the cobalt industry chain increased, and the momentum for the rise of metal cobalt increased.

Overview and outlook

According to data analysts from SunSirs, the prices of the lithium battery industry sector skyrocketed, and lithium salts prices skyrocketed, the support for the rise of the lithium battery sector increased; the price of lithium cobaltate skyrocketed, leading to an increase in the cobalt industry chain. Overall, the lithium battery sector index had risen, the price of lithium cobalt had surged, the cobalt industry chain had risen, and the support for metal cobalt had increased. It is expected that cobalt prices will rebound and rise in the future.

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