SunSirs: On April 10th, the Domestic Cobalt Market Fluctuated and Fell
April 11 2025 09:09:23 SunSirs (John)
Price trend
On April 10th, the domestic price of cobalt metal was 214,000-257,000 RMB/ton, with fluctuating prices 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; The export of cobalt from the Democratic Republic of Congo waws 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 a decrease in lithium cobalt oxide prices, which has weakened the positive outlook for the cobalt market; The international cobalt price was fluctuating and stabilizing, which weakened the bullish trend for the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.
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