Carrie Shi

Market reporter

As a price reporter, Carrie covers cobalt, one of the critical battery raw materials, and other industrial minerals including magnesia and fluorspar at Fastmarkets. She is based in Fastmarkets’ Beijing office.

Carrie joined Fastmarkets at the beginning of 2018, firstly focusing on lithium, and later cobalt coverage from 2021. Before joining Fastmarkets, Carrie had over six years of experience in news and price reporting for various metal and mining markets including rare earth, indium, germanium and magnesia at Argus and Asian Metal.

Related articles
China’s cobalt sulfate and cobalt metal prices trended down in June after a slight pick-up in demand failed to offset the headwinds of sufficient supply and bearish sentiment following the lifting of Covid-19 lockdowns in Shanghai on June 1.
Participants in China’s battery raw materials market are still struggling to recover from the latest Covid-19 outbreak in the country and the related lockdown measures imposed to prevent further spread of the virus
Covid-19 lockdown measures in about a dozen Chinese cities have led to slowdowns in many factories and created logistics hurdles that are disrupting trade flows, including for metals such as lithium, cobalt, silicon and magnesium
China’s cobalt sulfate prices surged to a three-year high, supported by increasing downstream demand and tight upstream cobalt hydroxide supply
More and more automotive producers are increasing the prices for their electric vehicles (EVs) as a response to high lithium and cobalt prices, as well as reduced subsidies for consumers in 2022
Battery raw materials prices are likely to continue to boom in Asia this year due to chokepoints in global supply chains, sources told Fastmarkets
Fastmarkets has corrected its daily cobalt hydroxide inferred price, which was published incorrectly during January 4-6 because of a technical issue
Chinese battery materials producer Xiamen Tungsten New Energy Materials (XTC) has struck a deal with CNGR Advanced Materials Co for the supply of cobalt tetroxide and ternary precursor materials, XTC announced on Wedmesday September 15.
China’s cobalt tetroxide prices drifted lower in the week to Wednesday September 1, due to weak demand from battery producers, while cobalt sulfate prices remained rangebound, with producers rejecting lower bids.
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.
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