SunSirs: Summary of Domestic Cobalt Market Trends on January 14th
January 15 2025 15:09:14 SunSirs (John)
Price trend
On January 14th, the domestic price of cobalt metal was 150,000 to 179,000 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 remains stable; the supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The supply of cobalt salt has recovered, and the price of cobalt salt was weakly stabilizing. The price of lithium cobalt oxide was strongly consolidating, causing fluctuations and stabilization in the cobalt market; The international cobalt price was fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.
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