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CMOC expects its growth rate of cobalt supply to gradually ease in the second half of 2024, the company said on August 23. Market participants, however, were divided in their response to the announcement, with some expecting the output reduction to alleviate the current imbalance between supply and demand in parts of the market.
Spodumene prices rose on Wednesday September 11 after reports of a potential production suspension in China’s Jiangxi province drove up lithium carbonate futures prices on China’s Guangzhou Futures Exchange (GFEX).
Read Fastmarkets’ monthly battery raw materials market update for September 2024, focusing on raw materials including lithium, cobalt, nickel, graphite and more
What could the copper landscape look like in ten years? Freeport’s Kathleen Quirk shares her insights
Get the key takeaways from our recent webinar on Argentina’s role in the energy transition as a powerhouse in copper and lithium production.
Nickel and cobalt prices fluctuated through the month, but Fastmarkets’ assessments of battery-grade lithium carbonate spot prices fell for most of August due to poor consumer demand and a severe oversupply of material, sources said. Asia The sharp downtrend in lithium prices observed during the month also led to a decline in the value of […]
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