Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12

China’s nickel-cobalt-manganese (NCM) battery output in June registered fell to 20.5 gigawatts hours (GWh), down by 1.5 GWh, or 6.8%, from the 22 GWh in May, and down by 3.7 GWh, or 15.3%, from the 24.2 GWh in March, according to the data from China Automotive Battery Innovation Alliance (CABIA)

The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Friday July 12 were delayed because of a technical error. Fastmarkets’ pricing database has been updated.

Read on as Fastmarkets delves into a monthly market update, focusing on the dynamic and fast-evolving sector of battery raw materials

German chemical producer BASF announced on Monday June 24 that it will exit a $2.6 billion investment in a nickel-cobalt refining project in Weda Bay, Indonesia due to significant changes in the nickel market since the inception of the project

Fastmarkets rounds up the key discussion points at the 30th annual Cobalt Institute conference in New York, from May 12-14.

Chinese cobalt metal prices fell to an eight-year low on Wednesday May 8, amid significant market oversupply and bearish sentiment, market participants told Fastmarkets

A wave of restocking throughout the first quarter of 2024 provided some relief in the ternary battery raw materials market in China, stopping the declines in prices for various products that had been seen late last year

The publication of Fastmarkets’ cobalt hydroxide, min 30% co, inferred price was delayed on Tuesday April 30 due to a technical error. Fastmarkets’ pricing database has been updated.

The key discussion topics across the battery raw materials sector ahead of Fastmarkets’ Asian Battery Raw Materials conference taking place in Seoul on April 22-23