Price trend
On April 11th, the domestic price of cobalt metal was 214,000-257,000 RMB/ton, fluctuating and stabilizing, and the cobalt market was weak and stabilizing.
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 from the Democratic Republic of Congo was prohibited, leading to a decrease in the supply of cobalt raw materials and a tightening of the cobalt market supply; The tight supply of cobalt salts has led to a weak decline in cobalt salt prices and a decrease in lithium cobalt oxide prices, which has weakened the positive outlook for the cobalt market; The international cobalt price was fluctuating and stabilizing, which weakened the bullish trend for the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.
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