Market Trend and Demand Lithium battery material prices may continue to rise in the future Will Affact the Price of cobalt hydroxide

Since 2020, the demand for lithium battery raw materials has maintained a high growth trend.

According to the data from the Federation of Travel Services, in May 2021, the price of battery-grade lithium carbonate surged by 139% compared with the “lowest” price in 2020, and the price of battery-grade lithium hydroxide increased by 48%.

Regarding the reasons for the increase in the price of lithium battery raw materials, the Association believes that the demand for downstream new energy vehicle power battery raw materials is strong, which stimulates the price to rise; short-term supply is insufficient, and the overseas epidemic situation is still severe. The company production plan slowed down.

According to the Federation, due to the imbalance between supply and demand, the price of lithium battery materials may continue to rise in the future, the price of raw materials will rise, and the gross profit margin will decline, and the profit space of battery companies will be compressed. The impact of this on small businesses may be fatal, and the reshuffle of the power battery industry will be further intensified.

Everbright Securities pointed out that the barriers to entry of lithium hexafluorophosphate production are relatively high. Even if the industry operating rate and output increase significantly, the main increase is still concentrated in leading companies with mature technology, high-quality products, and stable customers. At the same time, due to the high investment intensity of the lithium hexafluorophosphate project and the long production expansion period, new competitors need sufficient financial support and the ability to withstand a long return period. In addition, leading companies have a high proportion of production capacity and relatively low costs, which makes them have stronger pricing power, and prices are expected to remain high in the context of tight supply and demand.

Affected by Lithium battery material prices may continue to rise in the future,the cobalt hydroxide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for cobalt hydroxide or buy cobalt hydroxide in bulk,please send an email to: sales@ozbo.com

The price of cobalt hydroxide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global cobalt hydroxide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of cobalt hydroxide will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of cobalt hydroxide,the cost of cobalt hydroxide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of cobalt hydroxide will also be affected to a certain extent.It is estimated that the cost of cobalt hydroxide will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano cobalt hydroxide with steady price.In order to feedback to old customers,the company is still in full operations to provide cobalt hydroxide with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.,Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and cobalt hydroxide manufacturer,Tanki New Materials Co.,Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for cobalt hydroxide, please send an email to: sales@ozbo.com  

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