On August 17, the domestic cobalt price rebounded and rose

According to the data monitoring of the business agency, the cobalt price rose on August 17, and the cobalt market recovered. On August 17, the cobalt price was 342400 yuan / ton, an increase of 0.03% over the cobalt price of 342300 yuan / ton on the previous trading day. The recent purchase and storage news stimulated the cobalt price to rise.

Key points of analysis

The LME market cobalt price fluctuated and fell, the MB cobalt price fluctuated and rose, and the international cobalt price recovered and rose; The installed capacity of ternary batteries increased, the sales volume of new energy vehicles increased, the sales volume of mobile phones decreased, and the domestic cobalt market supply declined due to the stimulation of the national storage information. The price of cobalt salt rises, and the driving force of metal cobalt increases.

Future forecast

The demand is stable and the supply is declining, the cobalt industry chain is rising, and the driving force of cobalt price is increasing. It is expected that the cobalt price will rise in the future.