SunSirs: Summary of Domestic Cobalt Market Trends on December 9th
December 10 2024 16:03:07 SunSirs (John)
Price trend
On December 9th, the domestic price of cobalt metal was 165,000-191,000 RMB/ton, fluctuating and consolidating.
Analysis review
The cobalt market was stabilizing, 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, and downward pressure still existed.
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