SunSirs: Summary of Domestic Cobalt Market Trends on February 11th
February 12 2025 10:56:47 SunSirs (John)
Price trend
On February 11th, the domestic price of cobalt metal was 151,000-176,000 RMB/ton, and the price was temporarily stable, while the cobalt market fluctuated and consolidated.
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 the supply in the cobalt market was sufficient; The recovery of cobalt salt supply, weak consolidation of cobalt salt prices, and fluctuating 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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