SunSirs: On March 18th, the Domestic Cobalt Market Experienced Weak Consolidation
March 19 2025 15:28:41 SunSirs (John )
Price trend
On March 18th, the domestic metal cobalt quotation was 235,000-279,000 RMB/ton, with a weak adjustment in the quotation and a weak adjustment 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 export of cobalt in the Democratic Republic of Congo has been banned, leading to a decrease in the supply of cobalt raw materials. The government of the Democratic Republic of Congo plans to introduce a cobalt export quota system, resulting in a tight supply in the cobalt market; The tight supply of cobalt salts has led to an increase in cobalt salt prices and lithium cobalt oxide prices, which was highly favorable for the cobalt market; The rise in international cobalt prices had a significant positive impact on the domestic cobalt market; The overall cobalt market had a stronger upward momentum and weakened downward pressure.
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