July 2019

Fresh stockpiling fuels Chinese cobalt metal price uptick

A fresh wave of stockpiling activities boosted the Chinese cobalt metal spot market price on Wednesday July 31.

Umicore facing challenges from electric vehicle subsidy reforms, poor battery demand, CEO says

Chinese subsidy reforms will cool down the electric vehicle (EV) market and weigh on battery demand in the second half of 2019, Umicore chief executive officer Mark Grynberg said in a conference call on Wednesday July 31.

China cobalt metal exports rise in June; imports of intermediates down

Chinese cobalt metal exports jumped up in June due to strong overseas traders’ buying appetites on appealing arbitrage profits, Fastmarkets learned.

Altura’s lithium spodumene production rises by 43% in June quarter

Australian lithium spodumene company Altura Mining produced 42,402 tonnes of lithium spodumene concentrate at its lithium mine in Pilgangoora Western Australia, in the three months to June 30, up by 43% quarter by quarter.

China’s cobalt metal market unlikely to tighten significantly despite recent stockpiling; price parity discouraging exports

Intense buying from Chinese speculators and foreign traders over the past two weeks is unlikely to cause China’s cobalt metal market to slip into a significant supply deficit in the near term, market participants told Fastmarkets.

GLOBAL MANGANESE WRAP: Seaborne low-grade ore market gives up recent gains, port prices continue to slide

Seaborne low-grade manganese ore prices changed direction after four weeks of recovery, weighed down by lower offers and weaker port prices.

Cobalt trades at 34-month low amid limited buying

Spot cobalt prices continued to grind lower in the international market in the week ending July 26, with traders showing a limited appetite to restock despite prices sitting at multi-year lows.

BATTERY RAW MATERIALS MARKET REPORT 26/07: Cobalt sulfate discount narrows against weaker metal price

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

GLOBAL LITHIUM WRAP: China lithium prices weaken further on slow market activity

China’s lithium market reached weaker prices over the week to Thursday July 25 on slow market activity, while most cathode makers have reduced output over the summer period and limited reports of transactions on the spot market.

Trade log July 2019: Lithium

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.