December 2019

Consumer cobalt inquiries give rise to aggressive year-end offers

Cobalt buyers returned to the market this week but prices fell further towards $15 per lb while sellers sought to offload stock ahead of the end of the year.

BATTERY RAW MATERIALS MARKET REPORT 13/12: Cobalt prices slide despite increase in consumer bookings

An overview of the battery raw materials markets and their latest price moves.

GLOBAL LITHIUM WRAP: Year-end destocking keeps China’s carbonate price weak

China’s domestic lithium carbonate price weakened in the week to Thursday December 12, while the rest of the world’s battery-grade lithium prices held steady due to thin buying activities on the spot market.

China’s NEV output, sales in fifth consecutive annual decline in November

China’s output and sales of new energy vehicles (NEVs) fell again on an annual comparison in November 2019 following its first negative growth in July.

Ganfeng Lithium signs supply agreement with BMW

Chinese lithium producer Ganfeng Lithium has signed a long-term supply agreement for lithium compounds with BMW to supply their designated battery or cathode makers, it said on Thursday December 12.

Cobalt sulfate prices hold steady amid higher input costs; hydroxide payables also flat

Cobalt sulfate prices in China have held for the second consecutive pricing session, with the majority of producers holding their quotations firm amid high raw materials costs.

COMMENT: Cobalt market finds new ways to do hydroxide business as autos put EV plans into action

A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle (EV) sector are coming into play.

European Commission approves major lithium-ion subsidy scheme

The approval of €3.2 billion in subsidies by seven European Union members could generate a major mineral supply and processing chain to manufacture lithium-ion batteries in Europe.

Cobalt sellers hold offers firm against price uptick in China

Prices for cobalt stabilized during the first week of December, with sellers less open to accepting cheaper bids than they had been in November, although spot trade remained slow.

BATTERY RAW MATERIALS MARKET REPORT 06/12: Cobalt payables stabilize amid increased inquiries; lithium sellers offload

An overview of the battery raw materials markets and their latest price moves.