SunSirs: Summary of Domestic Cobalt Market Trends on January 7th
January 08 2025 10:16:48 SunSirs (John)
Price trend
On January 7th, the domestic price of cobalt metal was 153,000-184,000 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; Supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, weak consolidation of cobalt salt prices, and weak consolidation of lithium cobalt oxide prices have 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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