SunSirs: Summary of Domestic Cobalt Market Trends on February 21st
February 24 2025 14:19:18 SunSirs (John)
Price trend
On February 21st, the domestic price of cobalt metal was 149,000-176,000 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; the supply of imported cobalt raw materials was table and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, the stabilization of cobalt salt prices, and the 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 upward momentum of the cobalt market has weakened, and downward pressure still existed.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
- 2025-10-14 SunSirs: Cobalt Markets on Alert as DRC Enacts Sweeping Export Policy Changes
- 2025-09-28 SunSirs: Cobalt Prices Surge Sharply This Week
- 2025-09-24 SunSirs: Congo Introduces Quota System, Cobalt Prices Poised for Further Rise
- 2025-09-18 SunSirs: The Domestic Cobalt Market Was Consolidated on September 17
- 2025-09-11 SunSirs: The United States Strategic Reserved Cobalt Alloy, Cobalt Prices Ushered in a Continuous Rise
