The outlook for the China’s cobalt-lithium new energy industry in 2020 is full of uncertainties with the hampering impact of COVID-19 on global trade.
On the demand side, cobalt-lithium new energy (the key downstream application segment), the new energy vehicles (NEVs) and the 3C consumer markets are affected by the global widespread of the coronavirus pandemic, with sharp declines in overseas orders. On the supply side, we saw the suspension of production across mine smelters and port closures as the demand and supply fundamentals has changed tremendously due to COVID-19.
On the other hand, import of cobalt raw materials was disrupted due to the lockdowns in many countries. Capital inflow into the market has pushed up the price of cobalt metal. Smelters have increased their quotations for cobalt salts as inventory levels remain tight, resulting in a slight rebound of spot prices. With the resumption of operations of automakers in Europe and the lifting of the port restrictions in South Africa, cobalt supply is likely to increase in the near term.
We are glad to present the SMM China Cobalt-Lithium & New Energy Weekly to keep you updated of the latest changes of demand/supply of the China cobalt-lithium and new energy industry chain.
In the weekly report, our analysts will track the market dynamics and price changes of China's cobalt, lithium, precursors, battery materials, lithium batteries and new energy vehicles. We also bring you weekly reviews of trending topics, while our analysts conduct detailed surveys on the prices, operating rates, output, capacity, inventory changes of the cobalt-lithium industry chain.
We will also track demand changes in the global lithium battery terminal market (including new energy vehicles, 3C consumer electronics) and national policies to provide a comprehensive overview of the new energy market.
Please get in touch with your sales representative or contact us at Service.firstname.lastname@example.org for a trial copy or more information on the reports.