Price trend

On November 2nd, domestic cobalt metal prices fluctuated and fell, leading to a weak and stable domestic cobalt market.

Analysis review

The global sales of new energy vehicles slowed down, the production and installation of ternary batteries slowed down compared to the same period last month, emerging markets such as digital wearables had grown, sales of mobile phones and 3C electronic products had decreased, and the demand for cobalt market growth was expected to be poor. The supply of cobalt salt was sufficient, and the price of cobalt salt was fluctuating and stabilizing. The price of lithium cobalt oxide was stabilizing, and there was still a weakening of positive and negative impact on the cobalt market; In the global market, the international cobalt price was fluctuating and stabilizing, while the international cobalt market was weak and stabilizing.

Overall, the upward momentum of the cobalt market is weakened, and downward pressure still exists.

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