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Cobalt News
SunSirs: Summary of Domestic Cobalt Market Trends on November 1st
November 04 2024 10:31:32SunSirs(John)

Price trend

On November 1st, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, with fluctuating and stabilizing prices, and the cobalt market fluctuated and stabilized.

Market outlook

The production and sales volume of ternary batteries were slowly increasing; Emerging markets such as digital wearables were growing slowly, while demand in the cobalt market remains stable; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts had recovered, and the price of cobalt salts had fluctuated and stabilized. The price of lithium cobalt oxide had fallen, which had led to a weak decline in the cobalt market; The weak consolidation of international cobalt prices still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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