SunSirs: Summary of Domestic Cobalt Market Trends on January 2nd
January 02 2025 16:02:51 SunSirs (John)
Price trend
On January 2nd, the domestic price of cobalt metal is 155,000-186,000 RMB/ton, with weak prices stabilizing and the cobalt market stabilizing.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remains stable; Stable supply of imported cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts has recovered, and the price of cobalt salts has fluctuated and stabilized. The price of lithium cobalt oxide has also fluctuated and stabilized, which has a stabilizing effect on the cobalt market; The international cobalt price is fluctuating and stabilizing, which still poses a negative impact on the domestic cobalt market; The overall cobalt market has weak upward momentum, and downward pressure still exists.
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