A sudden shutdown of a cobalt enterprise has led to an increase in cobalt prices.
A cobalt enterprise stopped production due to force majeure, impacting the supply of cobalt in the market by about 500 tons per month. This has led to a small shortage in the short term, affecting the prices of electrolytic cobalt. The shutdown is expected to last until the end of April, and the market will continue to be monitored.
The losses of nickel salt plants deepened last week
There's a shortage of MHP supply, with limited circulation.
【SMM Analysis】Expansion of Argentina's Salt Lake Lithium Brine Projects Halted
Due to demands from local communities, the Supreme Court of Catamarca Province in Argentina has ordered the suspension of the expansion construction and permitting for two major projects of the globally renowned lithium producer Arcadium Lithium - the Fenix project and the Sal de Vida project - until comprehensive environmental impact assessments are completed.
ESS cell prices may still have room to fall in the future
As manufacturers resume work in March and prepare for the subsequent 430 grid connection, market transactions gradually recover. Although the current changes in the cost of energy storage cells are small, in the context of excess supply and demand, manufacturer competition may further intensify, and energy storage Battery cell prices may still have room to fall.
On March 18, the price of SMM battery-grade nickel sulfate index was 29,968 yuan/ton, an increase of 197 yuan/ton from the previous working day, and the price of battery-grade nickel sulfate was 29,800-30,300 yuan/ton, with an average price increase of 200/ton from the previous working day.