On July 24th, the domestic price of cobalt metal ranged from 236000 to 258000 RMB/ton, with fluctuating and consolidating prices. The cobalt market stabilized, with slow growth in the production and sales of ternary batteries, as well as slow growth in demand in the cobalt market; The ban on cobalt exports in the Democratic Republic of Congo has led to a decrease in the supply of cobalt raw materials, while the export of intermediate cobalt products from Indonesia has increased, making up for the shortage of some cobalt raw materials and reducing the overall supply in the cobalt market; The supply of cobalt salt is sufficient, and the price of cobalt salt is fluctuating and consolidating. The price of lithium cobalt oxide is temporarily stable, which still has positive effects on the cobalt market; The international cobalt price is fluctuating and consolidating, which weakens the positive and negative effects on the domestic cobalt market; The overall upward momentum of the cobalt market still exists, and the downward pressure has weakened.

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