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Cobalt salt prices are rising strongly

 Last Update: 2021-07-28
 Source: Internet
 Author: User

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Since July, the domestic cobalt salt market has been trending strongly and prices have continued to rise
.

In mid-July, the price of cobalt chloride rose to 92,000 yuan (ton price, the same below), an increase of 7,000 yuan from the beginning of July, an increase of 8.

The industry believes that the price of cobalt salt has risen by more than 8% in just over half a month, mainly due to the good demand
.

Cobalt salts are mainly used in the field of lithium-ion batteries, industrial catalysts, rubber tire binders, and magnetic materials

In addition, the rise in the metal cobalt market has also driven up the price of cobalt salt
.

South Africa is rich in cobalt resources and is a major importer of cobalt raw materials in China

Regarding the market outlook, industry insiders believe that from the perspective of the new energy vehicle market, ternary lithium batteries are still popular in the configuration of high-end models, and the current round of cobalt salt rises are expected to continue until early August

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