Price trend

On August 16th, domestic cobalt metal prices fell, leading to a decline in the domestic cobalt market.

Analysis review

The sales of domestic new energy vehicles decreased month on month, the installed capacity of ternary batteries increased month on month, 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 weakened.

Cobalt salt supply was sufficient, the price of cobalt salt had decreased, while the price of lithium cobalt oxide had decreased, which weakened the positive impact on the cobalt market, but there were still bearish effects.

In the global market, the international cobalt price had fluctuated and stabilized, and the international cobalt market had stabilized. The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.

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