SunSirs: Summary of Domestic Cobalt Market on October 10th
October 11 2023 13:56:58 SunSirs (John)
Price trend
On October 10th, domestic cobalt metal prices fluctuated and rose, and the domestic cobalt market fluctuated and rose.
Analysis review
Global sales of new energy vehicles increased, with the production and installation of ternary batteries increasing on a month on month basis. Emerging markets such as digital wearables had grown, while sales of mobile phones and 3C electronic products had shown moderate growth. In September and October, the demand for cobalt in the cobalt market rebounded, and the supply of cobalt salt was sufficient. The price of cobalt salt fluctuated and rose, while the price of lithium cobalt oxide stabilized. The positive news for the cobalt market remained, while the negative news weakened. In the global market, international cobalt prices had fluctuated and risen, and the international cobalt market had rebounded.
Market outlook
Overall, the cobalt market has a strong upward momentum, and downward pressure still exists.
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