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MNI BRIEF: China Soft Lithium And Cobalt Demand Expected

MNI (BEIJING)
MNI (Beijing)

Lithium carbonate prices in China are expected to remain weak in the short term due to poor demand, Mysteel, a Shanghai based commodity research firm said in a note on Tuesday wriiten after a 4.2% price drop last week .

Buy side weakness meant the cobalt outlook remained bearish in August, with prices of cobalt sulfate and chloride expected around CNY29,000 and CNY35,500 per tonne in the short term, the note said.

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Lithium carbonate prices in China are expected to remain weak in the short term due to poor demand, Mysteel, a Shanghai based commodity research firm said in a note on Tuesday wriiten after a 4.2% price drop last week .

Buy side weakness meant the cobalt outlook remained bearish in August, with prices of cobalt sulfate and chloride expected around CNY29,000 and CNY35,500 per tonne in the short term, the note said.

Keep reading...Show less