[2019.07.18 minutes of internal morning meeting of cobalt lithium new energy] cobalt salt price bottom high premium smelting products close to it

Published: Jul 18, 2019 11:08 (GMT+8)

Save

SMM July 18, 2010:

Battery Terminal Market:

Recently, the Ministry of Industry and Information Technology has released the sixth batch of recommended models for new energy vehicles in 2019. Because the recommended catalogue is dominated by bus models, lithium iron phosphate batteries account for as much as 79%. At present, lithium iron phosphate battery is still mainly used in bus and special vehicle market because of its low cost and large capacity. In the future, there will also be more room for demand growth in the low-speed passenger car and energy storage market.

Upstream raw material price:

Cobalt: the price of cobalt salt bottomed out this week. The opening rate of large leading factories has not yet recovered, and some traders are optimistic that there is limited room for decline in the future market. Manufacturers sell at a low price, and the price of cobalt salt metal is at the bottom of about 170000 yuan. Foreign media cobalt prices continue to decline slightly, within a reasonable range with domestic cobalt prices, in addition, due to the decline in the price of cobalt salt raw materials, cobalt prices also fell sharply on Thursday, in line with SMM's previous high premium smelting products close to low-cost cobalt salt expectations.

Lithium: battery-grade lithium carbonate demand is not good, the market mentality is bearish, manufacturers are not active to pick up goods. For some cathode materials large plants batch long unit price, battery-grade lithium carbonate has reached 6.8-69000 yuan / ton. The price of industrial grade lithium carbonate with main content more than 99.2% (which can be directly used in lithium manganate) is relatively strong, stable at 6.2-65000 yuan / ton, but for industrial grade lithium carbonate with high impurity content or main content less than 99.2%, the price is about 60 000 yuan / ton, and has a further downward trend. Lithium hydroxide, battery-grade lithium hydroxide procurement demand is light, upstream manufacturers have appeared in order to return funds as soon as possible low-price throwing behavior, it is known that the lowest market quotation is 76000 yuan / ton.

SMM Cobalt Lithium Research team

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

Long press attention

Learn more about the highlights

Cobalt lithium internal morning meeting minutes price forecasts quotations production batteries

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

INNOX Lithium Signs Long-Term Marketing Agreement With Trafigura for Up to 30,000 Tonnes Through 2029

INNOX Lithium, a subsidiary of INNOX Advanced Materials, announced on October 6 that it signed a long-term lithium hydroxide marketing agreement with global commodities trader Trafigura. According to the company, supplies of high-purity lithium hydroxide could total up to 30,000 tonnes through 2029. Trafigura will supply the material to global EV manufacturers and cathode material producers.

15 hours ago

17 hours ago

[SMM Flash] California Opens Expanded Advanced Lithium-Ion Battery Factory

American Lithium Energy has opened its expanded lithium-ion battery factory in Vista, California, increasing the site from 23,000 to 82,000 square feet for aerospace, defense, industrial and high-value storage applications. The expansion received more than USD 13 million in state grants and helped mobilize a further USD 40 million to USD 50 million from private and federal sources to scale 18650-cell production and validate high-capacity silicon-anode prismatic batteries. No annual output figure was disclosed, so the milestone confirms an operating factory and pilot production capability but does not establish a specific GWh-scale nameplate capacity.

17 hours ago

[SMM PV Flash] Nala Acquires 100 MW Ready-to-Build Finnish Battery Project

Fu-Gen has completed the sale of the 100 MW Kärppiö standalone battery project in Teuva, Finland, to Nala Renewables, with the asset at the ready-to-build stage and construction expected to begin during 2026. The transaction is the third closing under the parties’ Finnish battery portfolio framework signed in 2025 and expands Nala’s related pipeline in the country to 275 MW/550 MWh. Transaction value was not disclosed, and the milestone confirms ownership transfer and construction readiness rather than operational commissioning.

17 hours ago