Price trend

On August 9th, domestic cobalt metal prices fluctuated and fell, leading to a decline in the domestic cobalt market.

Analysis review

The sales growth of domestic new energy vehicles had slowed down, emerging markets such as digital wearables had grown, global sales of mobile phones and 3C electronic products had decreased, domestic mobile phone sales had decreased year-on-year, cobalt market demand had fluctuated and adjusted, cobalt salt supply was sufficient, cobalt salt prices were weak and falling, lithium cobalt oxide prices were falling, and there were still bearish prospects for the cobalt market; In the global market, international cobalt prices had fluctuated and fallen, and the international cobalt market had declined. The overall upward momentum of the cobalt market had weakened, and the downward pressure had increased.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.