SunSirs: Summary of Domestic Cobalt Market Trends on December 16th
December 17 2024 16:06:57 SunSirs (John)
Price trend
On December 16th, the domestic price of cobalt metal was 165,000-191,000 RMB/ton, which was weakly consolidated.
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; The supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, the stabilization of cobalt salt prices, and the fluctuation of lithium cobalt oxide prices have 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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