[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

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

14 hours ago

[Solid-state battery: Qinghai's 3,000 mt per year lithium sulfide project completed filing]

[Solid-State Battery: Qinghai 3,000 mt/year Lithium Sulfide Project Completes Filing] On August 10, 2026, the Online Approval and Supervision Platform for Investment Projects in Qinghai Province showed that Qinghai Weixiang Technology Co., Ltd.'s 3,000 mt/year lithium sulfide project completed the filing of an enterprise investment project. The project is located on the north side of Hanhai Road, Kunlun Economic Development Zone, Golmud City, Qinghai Province, with a total investment of 81.319 million yuan. It mainly involves building a 3,000 mt/year lithium sulfide production line and related supporting facilities, to be implemented in two phases (Phase I: 500 mt/year, Phase II: 2,500 mt/year), and is also capable of producing 10,000 mt of lithium sulfate. It is planned to be completed in July 2027. The core technology, "preparation of high-purity lithium sulfide by high-temperature low-pressure method," has been granted a national invention patent, jointly developed by Qinghai Weixiang Technology and the Qinghai Institute of Salt Lakes, Chinese Academy of Sciences.

14 hours ago

[Solid-state battery: Zhidongli's H1 loss narrowed, strategically deployed lithium sulfide, a solid-state battery material]

[Solid-State Battery: Zhidongli Narrows H1 Loss, Strategically Positions in Solid-State Battery Materials] On August 21, 2026 (disclosed on August 22), Zhidongli (300686) released its semi-annual report. H1 revenue was 663 million yuan, down 13.7% YoY; net profit attributable to parent was a loss of 15.6069 million yuan, narrowing significantly compared to a loss of 40.98 million yuan in the same period last year. During the reporting period, the company actively expanded its new materials business, particularly making strategic investments in solid-state battery materials to optimize its industrial structure and achieve a second growth curve. Zhidongli plans to build a 5,000 mt/year high-purity lithium sulfide production site.

14 hours ago

20 hours ago

Cobalt Products Quotations in the Doldrums; Refined Cobalt Has Dropped Over 20,000 Yuan in a Single Week; Cobalt Sulphate Quotations Have Fallen for Five Consecutive Days! [Weekly Review]

20 hours ago