Price trend
On July 20th, the domestic cobalt metal quotation fell, the domestic cobalt market fell.
Analysis review
The sales growth of domestic new energy vehicles had slowed down, emerging markets such as digital wearables had grown, sales of mobile phones and 3C electronic products increased, demand for cobalt in the market remained stable, cobalt salt supply was sufficient, cobalt salt prices had stabilized, lithium cobalt oxide prices temporarily stabilized, and the positive news for the cobalt market had weakened, while the negative news still existed.
Market outlook
In the global market, the international cobalt price has stabilized in shock, while the international cobalt market has stabilized. The overall upward momentum of the cobalt market has weakened, and downward pressure still exists..
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