This week, the activity in the cobalt chloride market significantly increased.

This week, the cobalt chloride market saw a significant increase in activity, with mainstream quotations from smelters ranging from 105,000 to 110,000 yuan/mt, and actual transaction prices concentrated between 102,000 and 105,000 yuan/mt. Although transaction prices experienced a slight correction compared to earlier market expectations, primarily due to accumulated inventory in the cathode material and battery cell segments, and a slowdown in downstream procurement pace amid stabilizing prices, leading to heightened wait-and-see sentiment, downstream acceptance remained relatively high at the current level slightly above 100,000 yuan/mt, reflecting some support at this price point.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lü Yanlin 021-20707875

Zhou Zhicheng 021-51666711