SMM Cobalt Morning Meeting Summary: This week, the spot price of refined cobalt saw a slight increase. Supply side, production cuts at refined cobalt smelters continued, and social inventory was still being consumed at a steady pace. Demand side, orders from downstream producers did not show significant recovery, and they maintained a purchasing rhythm of scheduling production according to demand, with a lackluster willingness to purchase at high prices. However, some traders anticipated that subsequent policies in the DRC would be rolled out in the future, leading to increased activity in speculative trading. It is expected that this week, the price of refined cobalt may hold up well.

Hosted by Shanghai Metals Market (SMM), CLNB 2025 (10th) New Energy Industry Expo will be held from April 16 to 18, 2025 at Suzhou International Expo Center . During the exhibition, 1 main forum and 10 sub-forums will be held, with government leaders, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries attending the event! Witness the gathering of industry leaders, discuss core technologies, listen to experts' insights, interpret market trends, and gather in Suzhou to focus on key issues, inviting you to jointly analyze industry development. This exhibition covers 6 major exhibition areas , with 1,300+ domestic and overseas exhibiting and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, and new energy vehicles, power tools, electric drives, and low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form to register immediately and discuss the future development of the new energy industry with industry elites. We look forward to your arrival and joining SMM in opening this feast of the new energy industry. At this New Energy Industry Expo, Hangzhou Tianyicheng New Energy Technology Co., Ltd. will make a grand appearance, discussing industry cooperation, sharing development opportunities, and jointly outlining the beautiful blueprint of the new energy industry with peers. Booth Number: G55 New Energy, New World, New Atmosphere, New Future Hangzhou Tianyicheng New Energy Technology Co., Ltd. is a company listed on the New Third Board with the stock code 871858. Established in 2010, the company has been deeply involved in lithium battery extraction technology for over a decade, providing comprehensive technical services and professional ternary lithium battery recycling and lithium battery material equipment to many well-known power lithium battery material production, used power battery recycling, and precious metal extraction companies. The company's headquarters is located in Xiaoshan District, Hangzhou, and it has a 100-acre production site in Chongren, Fuzhou, Jiangxi, with over 200 employees and a complete R&D team, capable of manufacturing 50,000 mt of equipment annually. As a national high-tech enterprise, the company possesses mature production line design and EPC capabilities as well as professional equipment development capabilities, with a deep understanding of industry technology. It is a municipal enterprise technology center and a municipal R&D center for extraction technology, holding 47 patents and participating in the formulation of the national standard "Cobalt Smelting Plant Process Design Specification," with core technologies in tubular mixed extraction, micro-interface oil removal systems, and corrosion resistance of stirring paddles. The company is one of the larger professional manufacturers of ternary lithium battery recycling and lithium battery material equipment in China, with extraction technology as a leader in the sub-industry, serving well-known large companies in the upstream and downstream of the lithium battery industry. Product Introduction Extraction Equipment Certified by ISO9001; possesses core patented technology; multiple structural design patents; excellent sealing performance and comprehensive exhaust advantages; can be custom-designed according to customer requirements. The company is currently one of the largest manufacturers of extraction equipment in China, enjoying a high reputation in domestic and overseas markets. The company can provide customers with design, manufacturing, and installation EPC services, with current customers including Tianneng Co., Ltd., Camel Group, Hunan Brunp, GEM, Korea ECOPRO, Ningbo Lygend, Wanhua Chemical, Ganfeng Lithium, Jinyuan Sheng, and Compass Materials Technology, among other large enterprises and publicly listed firms, having served over 100 projects, and is one of the participating units in the national standard "Cobalt Smelting Plant Process Design Specification." Environmentally Friendly Extraction Tank 1. Material and Equipment Selection Uses extruded all-plastic A-board or laminated all-plastic A-board, custom-sized processing to reduce welding proportion; German imported semi-automatic extrusion welding gun, uniform discharge, stable temperature control, and good welding quality. 2. Mixing Tank Structural Design Added diversion tube to improve mixing effect and suction force; optimized baffle to reduce centrifugal separation in the mixing chamber; labyrinth water seal to reduce gas volatilization and improve operation. 3. Stirring Paddle Design Low-speed operation can meet mixing and suction requirements, reducing gas dissolution. Uses the company's patented product—laminated fiberglass integrated stirring paddle, with excellent corrosion resistance, good dynamic balance and rigidity, and long service life. 4. Clarification Tank Structural Design From the trumpet-shaped feed port—deflection groove—ring grid—IMI clarification partition, to the end aggregation plate, gradually improving clarification rate and reducing two-phase entrainment. Thread adjustment controls two-phase ratio and reflux flow, easy to operate with high adjustment accuracy. Installed external plexiglass sight glass for easy observation. PPH/HDPE Equipment PPH and HDPE spiral winding storage tank products mainly use extrusion winding seamless technology to produce polypropylene and high-density polyethylene plastic anti-corrosion equipment, including various specifications of tank bodies, troughs, towers, and pipelines. The products are used to store various liquids and liquid reaction carriers, especially effective in storing corrosive and hazardous liquids. During production, the products from the main body to accessories are completely made of the same material, with no leakage and weldable characteristics, and their price is much lower than stainless steel products, with a longer service life under natural conditions, enjoying excellent reputation in various fields. The company has achieved good performance in industries such as chemical, steel, metallurgy, pharmaceutical, papermaking, power, food, and water treatment, and has received good evaluations from a wide range of users. Vertical Storage Tank Horizontal Storage Tank Square Trough Micro-interface Oil Removal Equipment The micro-interface oil removal equipment is a high-efficiency oil removal equipment independently developed by the company, designed to remove organic oil from extraction solutions in the non-ferrous metal hydrometallurgy process, with oil removal efficiency reaching 1 ppm. Electrical Control System Equipment Using automation control technology, designs and provides automation control systems for extraction equipment for hydrometallurgy industry customers, making the manufacturing process controllable and visible, achieving automation, efficiency, and precision. 【CLNB 2025—Hot Registration】 CLNB 2025 (10th) China International New Energy Industry Expo April 16-18, 2025 Suzhou International Expo Center Contact Us

[SMM Analysis: 2024 Review of China's Cobalt Chloride Market] According to the SMM official website, the 2024 average of low-end prices for cobalt chloride is 36,400 yuan/mt, and the average of high-end prices is 37,300 yuan/mt.

[SMM Analysis: "Cobalt Grandma" No Longer in Vogue? Continuous Decline Hits a Historical Low - Cobalt Sulfate Semi-Annual Review] 2024 has been a challenging year for the new energy industry, starting with the price war among automobile manufacturers since the beginning of the year, which has destined for an extraordinary year. For the cobalt market, it has also ushered in a dark period. Due to the impact of the terminal price war, the industrial chain has taken cost reduction as its primary goal. With the continuous release of cobalt resources, the market expects an oversupply of raw materials, continuously squeezing the profits of the cobalt smelting segment, leading to a continuous decline in cobalt sulfate prices. It has fallen from the peak of 140,000 yuan/ton to the current 29,000 yuan/ton, indicating that it is no longer as prosperous as before.

On August 28, 2023, in the smelting workshop of Indonesia Hengsheng New Energy Materials Co., Ltd., as the fiery red low nickel matte slowly flowed out, it marked that the world's first oxygen-enriched side-blown process to process laterite nickel ore to produce matte nickel production line was successfully put into operation.

SHANGHAI, Sep 13 (SMM) – Sulphuric acid, an essential industrial ingredient, is widely used in numerous sectors, including the production of fertilizers, medicines, explosives, pigments, detergents, and batteries. It also finds use in purifying petroleum, metal smelting, and the dye industry.