SunSirs: Summary of Domestic Cobalt Market Trends on January 17th
January 20 2025 14:48:18 SunSirs (John)
Price trend
On January 17th, the domestic price of cobalt metal ranged from 150,000 to 178,000 RMB/ton, and the price stabilized, indicating a stable cobalt market trend.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; The supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, weak consolidation of cobalt salt prices, and strong consolidation of lithium cobalt oxide prices have stabilized the cobalt market; The international cobalt price was fluctuating and stabilizing, 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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