Price trend

On December 30th, the domestic price of cobalt metal was 155,000-186,000 RMB/ton, with a weak decline in price and a decline in the cobalt market.

Analysis review

The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; the supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The supply of cobalt salts has recovered, and the price of cobalt salts has fluctuated and stabilized. The price of lithium cobalt oxide has fluctuated and fallen, which has stabilized the cobalt market; The international cobalt price is fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall cobalt market had weak upward momentum, and downward pressure still existed.

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