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.
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