SunSirs: On March 21st, the domestic cobalt market experienced a weak decline
March 24 2025 09:17:26 SunSirs (John)
Price trend
On March 21st, the domestic price of cobalt metal was 214,000-260,000 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: On March 21st, the domestic cobalt market experienced a weak decline
d stable; The export of cobalt from the Democratic Republic of Congo was prohibited, leading to a decrease in the supply of cobalt raw materials and a tightening of the cobalt market supply; The supply of cobalt salt was tight, the price of cobalt salt wais falling, and the price of lithium cobalt oxide was consolidating strongly, which still had positive effects on the cobalt market; The international cobalt price was stabilizing strongly, and there were still positive factors for the domestic cobalt market; The overall cobalt market still had upward momentum and increasing downward pressure.
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