Price trend

On March 14th, the domestic price of cobalt metal was 241,000-280,000 RMB/ton, with fluctuating and consolidating prices, and the cobalt market was fluctuating and consolidating.

Analysis review

The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; The export of cobalt in the Democratic Republic of Congo has been banned, leading to a decrease in the supply of cobalt raw materials. The government of the Democratic Republic of Congo planned to introduce a cobalt export quota system, resulting in a tight supply in the cobalt market; The tight supply of cobalt salts has led to an increase in cobalt salt prices and lithium cobalt oxide prices, which was highly favorable for the cobalt market; The rise in international cobalt prices had a significant positive impact on the domestic cobalt market; The overall cobalt market has seen an increase in upward momentum and a decrease in downward pressure.

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