【SMM Analysis】Cobalt Chloride Prices Slightly Increased This Week

Published: Apr 3, 2025 09:37

Save

【SMM Analysis: Cobalt Chloride Prices Slightly Increased This Week】This week, cobalt chloride prices slightly increased. Supply side, smelters were unwilling to sell at low prices due to concerns that raw material prices remained high, thus keeping market quotations at elevated levels. Demand side, the peak purchasing period for major buyers, Co3O4 manufacturers, had passed, and market activity decreased compared to the previous two weeks. However, some manufacturers, concerned about further price increases or due to their own production needs, still made transactions at high levels, driving a slight rise in spot prices. It is expected that cobalt chloride prices will remain high next week.

This week, the price of cobalt chloride slightly increased.

Supply side, smelters were reluctant to sell at low prices due to concerns that raw material prices remained high, thus market quotations stayed at elevated levels. Demand side, the peak purchasing period for major buyers, Co3O4 manufacturers, had passed, and market activity decreased compared to the previous two weeks. However, some manufacturers, fearing further price increases or due to their own production needs, still made high-level transactions, pushing spot prices up slightly.

Next week, the price of cobalt chloride is expected to remain high.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lyu 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

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

4 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

4 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

4 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

4 hours ago