China imports of cobalt raw materials fell 25% in January

Published: Mar 4, 2020 11:51
China's imports of cobalt raw materials, including ore and intermediate products, came in at 8,000 mt in January, down 25% from December, showed the latest customs data. Imports in 2019 were 24%...

SHANGHAI, Mar 4 (SMM) – China's imports of cobalt raw materials, including ore and intermediate products, came in at 8,000 mt in January, down 25% from December, showed the latest customs data. Imports in 2019 were 24% higher on the year, standing at 90,000 mt. 


Cobalt ore imports in January stood at 888 mt in Co content, based on a Co grade of 8%, up 323% on the month and 92% on the year. This followed a 34% year-on-year decline in cobalt ore imports in 2019, which were 7,000 mt in metal content. 


In January, China’s imports of unwrought cobalt intermediate that was produced through hydrometallurgical processes slid 33% on the month but rose 31% on the year to stand at 6,500 mt in Co content, based on a grade of 27%. 


Full-year imports of intermediate products of cobalt wet-processing metallurgy increased 34% to 81,000 mt in metal content in 2019. 


Import prices of hydrometallurgical cobalt intermediate products averaged $25,637/mt in Co content in January, up 9% on the month but down 38% on the year.

 

Cobalt raw materials imports in China (Source: SMM, China customs)

 

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 to learn 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
Total Investment Of 12 Billion Yuan Lithium Battery Project Lands In Guangzhou
8 hours ago
Total Investment Of 12 Billion Yuan Lithium Battery Project Lands In Guangzhou
Read More
Total Investment Of 12 Billion Yuan Lithium Battery Project Lands In Guangzhou
Total Investment Of 12 Billion Yuan Lithium Battery Project Lands In Guangzhou
On March 2, Youngy Group announced that it signed the "Youngy Group Guangzhou Development Zone New Energy Intelligent Manufacturing Base" project on February 24. The project plans a total investment of 12 billion yuan and will encompass three core segments: consumer batteries, power batteries, and energy storage products. The project will address the shortcomings in Guangzhou's battery industry sector and also provide strong support for the development of emerging industries in the region, such as the low-altitude economy and intelligent robotics.
8 hours ago
Gansu's Annual 100,000-Ton Lithium-Ion Battery Cathode Material Project Officially Commences Production
8 hours ago
Gansu's Annual 100,000-Ton Lithium-Ion Battery Cathode Material Project Officially Commences Production
Read More
Gansu's Annual 100,000-Ton Lithium-Ion Battery Cathode Material Project Officially Commences Production
Gansu's Annual 100,000-Ton Lithium-Ion Battery Cathode Material Project Officially Commences Production
Recently, the commissioning ceremony for the first phase of Gansu Jinlin Lithium Battery New Materials Co., Ltd.'s annual 100,000-ton lithium-ion battery cathode material production line project was held in Lanzhou New Area. The project covers a total area of 363 mu with a total investment of 3.135 billion yuan. It will be constructed in two phases, each with a capacity of 100,000 tons. Construction of the first phase, the annual 100,000-ton lithium iron phosphate production line, began in April 2024 and has officially commenced production after over a year of construction.
8 hours ago
[SMM Analysis] Chinese New Year Off-Season “Reset,”  Sodium-Ion Battery Industry Chain Recovery Poised to Begin
10 hours ago
[SMM Analysis] Chinese New Year Off-Season “Reset,” Sodium-Ion Battery Industry Chain Recovery Poised to Begin
Read More
[SMM Analysis] Chinese New Year Off-Season “Reset,”  Sodium-Ion Battery Industry Chain Recovery Poised to Begin
[SMM Analysis] Chinese New Year Off-Season “Reset,” Sodium-Ion Battery Industry Chain Recovery Poised to Begin
February 2026 coincided with the Chinese New Year holiday. Affected by holiday factors, production pace across core segments of China’s sodium-ion battery industry generally slowed, showing an “off-season reset” trend. From cathodes, anodes, and electrolyte to battery cells and end-users, production across all segments declined MoM to varying degrees, while YoY still maintained a certain degree of growth resilience.
10 hours ago
China imports of cobalt raw materials fell 25% in January - Shanghai Metals Market (SMM)