SunSirs: Summary of Domestic Cobalt Market Trends on January 6th
January 07 2025 09:15:48 SunSirs (John)
Price trend
On January 6th, the domestic price of cobalt metal was 155,000-186,000 RMB/ton, with a weak decline in price and a weak decline in the cobalt market.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; 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 price of cobalt salts has fluctuated and stabilized. The price of lithium cobalt oxide has been strongly consolidated, which has stabilized the cobalt market; The international cobalt price was fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall cobalt market still had upward momentum and increasing downward pressure.
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