SunSirs: Summary of Domestic Cobalt Market Trends on December 11th
December 12 2024 11:28:39 SunSirs (John)
Price trend
On December 11th, the domestic price of cobalt metal was 165,000-191,000 RMB/ton, with weak consolidation in the price.
Analysis review
The cobalt market was experiencing a weak adjustment, 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, the stabilization of cobalt salt prices, and the fluctuation of lithium cobalt oxide prices led to a 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 cobalt market had weak upward momentum, and downward pressure still existed.
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