SunSirs: On April 3rd, the Domestic Cobalt Market Fluctuated and Stabilized
April 07 2025 11:13:10 SunSirs (John)
Price trend
On April 3rd, the domestic metal cobalt quotation was 234,000-269,000 yuan/ton, with weak consolidation in the quotation and weak consolidation in the cobalt market.
bilized.
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 supply of cobalt salts ws tight, the price of cobalt salts was stabilizing, and the price of lithium cobalt oxide was rising strongly, which still had positive effects on the cobalt market; The international cobalt price has fluctuated and risen, but there were still positive factors 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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