SunSirs: Summary of Domestic Cobalt Market Trends on December 19th
December 20 2024 14:14:10 SunSirs (John)
Price trend
On December 19th, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, showing a weak consolidation trend.
Analysis review
The cobalt market was weak and declining, with slow growth in the production and sales of ternary batteries, and stable demand in the cobalt market; the supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The supply of cobalt salts has recovered, and the prices of cobalt salts have fluctuated and fallen. The prices of lithium cobalt oxide have also fluctuated and fallen, causing a volatile decline in the cobalt market; The international cobalt price has fluctuated and fallen, which still posed a negative impact on the domestic cobalt market; The overall cobalt market had weak upward momentum, and downward pressure still existed.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
- 2026-01-15 SunSirs: The Growth in Production and Sales of New Energy Vehicles Is Positive for Cobalt Prices
- 2026-01-13 SunSirs: The Impact of U.S.–Venezuela Tensions on Non-Ferrous and Precious Metals Markets
- 2026-01-13 SunSirs: On January 13th, the Domestic Cobalt Market Is Weakly Consolidating
- 2026-01-09 SunSirs: Can Digital Mining Save China from a 10x Critical Minerals Shortfall by 2050?
- 2026-01-06 SunSirs: Cobalt Prices Surged in 2025, and Here's the Outlook for Cobalt Price Trends in 2026
