Price trend

On November 6th, 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.

Analysis review

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 remained stable; the import of cobalt raw materials was stable and supply in the cobalt market was sufficient; The recovery of cobalt salt supply led to a volatile decline in cobalt salt prices and a decrease in lithium cobalt oxide prices, resulting in 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 still existed, and the downward pressure had weakened.

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