The market price of cobalt chloride is 64,000 yuan/mt.

Currently, the market quote for cobalt chloride is 64,000 yuan/mt, with the actual transaction center stable around 63,000-63,500 yuan/mt. Market transaction sentiment has improved compared to WoW. On the supply side, upstream smelters have recently accelerated the pace of raw material procurement to ensure supply for downstream demand. However, they are bullish about the long-term future, so their selling mentality is relatively calm. On the demand side, downstream procurement sentiment has recently picked up. In the short term, prices are expected to continue to rise further.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Zhicheng Zhou 021-51666711