Price trend

On February 21st, the domestic price of cobalt metal was 149,000-176,000 RMB/ton, with weak prices stabilizing and the cobalt market stabilizing.

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 table and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, the stabilization of cobalt salt prices, and the consolidation of lithium cobalt oxide prices have stabilized the cobalt market; The international cobalt price was fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.

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