SunSirs: Summary of Domestic Cobalt Market on August 2nd
August 03 2023 13:56:11 SunSirs (John)
Price trend
On August 2nd, domestic cobalt metal prices fell, leading to a decline in the domestic cobalt market.
Analysis review
The sales growth of domestic new energy vehicles had slowed down, emerging markets such as digital wearables had grown, global sales of mobile phones and 3C electronic products had decreased, domestic mobile phone sales had slowly increased, cobalt market demand had fluctuated and adjusted, cobalt salt supply was sufficient, cobalt salt prices had fallen, lithium cobalt oxide prices had fallen, and there was still a weakening of positive impact on the cobalt market, and negative factors still existed; In the global market, the international cobalt price had stabilized in shock, and the international cobalt market had stabilized. The overall upward momentum of the cobalt market had weakened, and there was significant downward pressure.
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