[SMM Weekly Review] Cobalt Salt Prices Pulled Back Slightly This Week

Jan 02, 2025, at 9:05 am

[SMM Weekly Review: Cobalt Salt Prices Slightly Pulled Back This Week] In terms of supply, due to the generally low operating rates of smelters, cobalt salt production decreased. On the demand side, the markets for ternary cathode precursors and Co3O4 remained weak, and demand for cobalt salt continued to be sluggish. Overall, the market showed sporadic demand for cobalt salt, with some manufacturers selling below market prices due to reasons such as cash flow recovery, leading to a decline in spot prices. It is expected that cobalt salt prices will continue to fall next week; however, as prices have already dropped below the cost line, the room for further decline is limited.

This week, cobalt salt prices slightly pulled back. In terms of supply, due to generally low operating rates at smelters, cobalt salt production decreased. On the demand side, the ternary cathode precursor and Co3O4 markets remained sluggish, and cobalt salt demand continued to be weak. Overall, the market showed sporadic demand for cobalt salt, with some manufacturers selling below market prices due to cash flow pressures, leading to a decline in spot prices. It is expected that cobalt salt prices will continue to fall next week, but as prices have already dropped below cost levels, the room for further decline is limited.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Ye Yuan 021-51595792

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

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Cobalt & Lithium

SMM

[SMM Weekly Review] Cobalt Salt Prices Pulled Back Slightly This Week

[SMM Co3O4 Weekly Review] Co3O4 Prices Remained Stable This Week

[SMM Weekly Review] Co3O4 Prices Remained Stable This Week