SunSirs: Summary of Domestic Cobalt Market Trends on February 25th

Price trend

On February 25th, the domestic price of cobalt metal was 154,000-190,000 yuan/ton, with an increase in price and a rise in the cobalt market.

Analysis review

The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; The export of cobalt from the Democratic Republic of Congo was prohibited, leading to a decrease in the supply of cobalt raw materials and a tightening of the cobalt market supply; The supply of cobalt salt was stable, and the price of cobalt salt fluctuates and rose. The price of lithium cobalt oxide fluctuated and rose, which affected the fluctuation and rise of the cobalt market; The fluctuation and stabilization of international cobalt prices have increased the positive impact on the domestic cobalt market; The overall cobalt market has seen an increase in upward momentum and a decrease in downward pressure.

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