October 2019

China cobalt sulfate prices slide on lackluster demand; hydroxide market softens

China’s cobalt sulfate price fell in the mid-week pricing session on Wednesday October 30 after coming under pressure from lackluster demand amid an underperformance in the country’s electric vehicle (EV) market.

Trade log October 2019: Cobalt sulfate

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.

Chinese cobalt intermediates imports up 24.5% in Q3 vs Q2

China’s imports of cobalt intermediates, including cobalt hydroxide, surged by 24.5% in July-September versus the prior quarter amid extensive procurement from Chinese consumers, who looked to take advantage of falling cobalt raw material prices during the period.

LME announces lithium committee to aid development of futures contract

The London Metal Exchange announced this week that industry members will form a committee to represent the views and interests of lithium stakeholders while the exchange plans the launch of a lithium futures contract.

Samsung SDI locks in NCM cathode materials supply from Umicore

Umicore and Samsung SDI have agreed a multi-year deal whereby the former will supply the South Korean battery-manufacturer with almost 80,000 tonnes of nickel-cobalt-manganese [NCM] cathode materials, starting in 2020.

COBALT SNAPSHOT: Sellers cut offers in response to slow spot market

Key data from the October 25 pricing session in London.

BATTERY RAW MATERIALS MARKET REPORT 25/10: Nickel sulfate buyers remain cautious amid volatility

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

GLOBAL LITHIUM WRAP: Chinese hydroxide market ‘in a mess’ amid lower offer prices, weak demand

The Chinese lithium hydroxide and carbonate price gap has narrowed further in the week to Thursday October 24 after the former assessment dropped over 3% while producers of the latter insisted on current prices.

LME WEEK 2019 - COMMENT: Macro concerns, volatility leave minor metals, ferro-alloys markets looking for ways to manage risk in 2020

Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020.

LME WEEK 2019 - INFOGRAPHIC: Global market oversupply keeps lithium in 'bust part' of price cycle

Data insights, analysis and key market themes dominating discussions in the lithium market ahead of annual negotiations during LME Week 2019.