SunSirs: Summary of Domestic Cobalt Market Trends on January 3rd
January 06 2025 10:05:59 SunSirs (John)
Price trend
On January 3rd, the domestic price of cobalt metal was 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 remained stable; Stable supply of imported cobalt raw materials and sufficient supply in the cobalt market; 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 was 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.
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
