SunSirs: Summary of Domestic Cobalt Market on August 24th
August 25 2023 09:15:24 SunSirs (John)
Price trend
On August 24th, domestic cobalt metal prices fell, leading to a decline in the domestic cobalt market.
Analysis review
The sales of domestic new energy vehicles had decreased month on month, the installed capacity of ternary batteries had increased month on month, emerging markets such as digital wearables had grown, global sales of mobile phones and 3C electronic products had decreased, domestic mobile phone sales had decreased year on year, cobalt market demand had been weak 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 and negative impact on the cobalt market; In the global market, the international cobalt price was weak and declining, and the international cobalt market was weak and declining. Overall, the upward momentum of the cobalt market had weakened, and the downward pressure had increased.
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