SunSirs: Summary of Domestic Cobalt Market Trends on January 8th
January 09 2025 15:26:14 SunSirs (John)
Price trend
On January 8th, the domestic price of cobalt metal ranged from 150,000 to 181,000 RMB/ton, with a 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 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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