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In the first two years, due to the significant increase in cobalt prices, the profitability of A-share related cobalt companies has also significantly improved. At present, are the relevant companies affected by the decline in cobalt prices? On December 7th, a reporter from Daily Economic News interviewed several A-share cobalt listed companies as investors. According to company insiders, the company has been affected by the decline in cobalt prices, but the magnitude of the impact is currently difficult to assess and depends on the future trend of cobalt prices.

Multiple factors leading to a sharp drop in cobalt prices

Cobalt is a rare metal, and its downstream products include electrolytic cobalt, cobalt tetroxide, cobalt sulfate, etc. It is widely used in alloys, catalysis, 3C products (consumer electronics), power lithium batteries, and other fields.

According to statistics from Business Society, the price of cobalt metal has dropped from 480000 yuan/ton to around 350000 yuan/ton since October, a decrease of about 27%. On December 7th, Baichuan Information released a ranking of the rise and fall of commodity prices, which showed that multiple cobalt products, including metal cobalt, lithium cobalt oxide, cobalt trioxide, and others, have recently experienced significant price drops. Within a month, the decline was between 9% and 20%, with a year-on-year decrease of between 10% and 30%.

Zhang Heng, an analyst in the cobalt industry at Baichuan Information, told the Daily Economic News that there are many factors that have led to a decrease in cobalt product prices, including terminal markets such as new energy vehicles, which are cautious in purchasing cobalt by downstream companies due to uncertain industry prospects; The previous significant increase in cobalt prices was somewhat 'inflated' and so on. In addition, towards the end of the year, some companies have also withdrawn funds, resulting in low-priced sales.

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