SunSirs: On March 28th, the Domestic Cobalt Market Fluctuated and Consolidated
March 31 2025 10:34:05 SunSirs (John)
Price trend
On March 28th, the domestic price of cobalt metal was 235,000-270,000 yuan/ton, with fluctuating and consolidating prices, and the cobalt market was fluctuating and consolidating.
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 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 tight supply of cobalt salts has led to a weak decline in cobalt salt prices, and the weak decline in lithium cobalt oxide prices has weakened the positive outlook for the cobalt market; The weak consolidation of international cobalt prices still held positive implications for the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure has weakened..
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