Home / Metal News / Cobalt & Lithium / COVID-19 pandemic in Europe dampened demand outlook for cobalt and lithium materials 
COVID-19 pandemic in Europe dampened demand outlook for cobalt and lithium materials 
Mar 24,2020 11:49CST
price review forecast
Source:SMM
The widespread coronavirus has deterred production of NEVs in the European countries, and this may impact the global prospects for NEV production and take a toll on the consumption of raw materials. Last week, bearish sentiment continued to prevail in the cobalt market, which depressed downstream purchases and added to upstream inventory pressure. Sluggish demand reduced prices of battery-grade lithium carbonate, which were underpinned by costs, while fundamentals supported prices of industrial-grade lithium carbonate. 
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