Price trend

On December 6th, the domestic price of cobalt metal was 165,000-191,000 RMB/ton, with weak consolidation in the price.

Analysis review

The cobalt market was fluctuating and consolidating, with slow growth in the production and sales of ternary batteries, and stable demand in the cobalt market; Stable supply of imported cobalt raw materials and sufficient supply in the cobalt market; The recovery of cobalt salt supply has led to a fluctuating decline in cobalt salt prices, while the price of lithium cobalt oxide has stabilized, resulting in a weak consolidation of the cobalt market; The international cobalt price was fluctuating and consolidating, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened. The downward pressure still existed.

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