Price trend

On October 25th, domestic cobalt metal prices fluctuated and fell.

Analysis review

The domestic cobalt market was weak and consolidating, with global sales of new energy vehicles increasing, the production and installation of ternary batteries increasing month on month, and emerging markets such as digital wearables growing. The decline in sales of mobile phones and 3C electronic products was slowing down. The demand for cobalt in the market was rebounding, and the supply of cobalt salt was sufficient. The price of cobalt salt was strong and consolidating, while the price of lithium cobalt oxide was fluctuating and rising. There was still a weak bearish outlook for the cobalt market; In the global market, international cobalt prices had fluctuated and risen, while the international cobalt market had risen.

Overall, the upward momentum of the cobalt market has weakened, and downward pressure still exists.

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