Hua Chuang Securities and CCB Principal Asset Management visit Asian Metal

On August 27th, Hu Jin, the analyst from Hua Chuang Securities, and Zhu Yun from the Research Department of CCB Principal Asset Management, visited Asian Metal and exchanged views with Carol Lin, Asian Metal's market analyst of cobalt and lithium.

Carol introduced the current upstream and downstream situations of cobalt and lithium market at home and abroad. The supply in the cobalt concentrate and cobalt intermediate markets is relatively centralized, and downstream market recovers slightly and prices stop dropping and then stabilize as the international summer vacation and domestic slack season for batteries end. With respect to the lithium market, the supply for spodumene from Australia increases gradually and the domestic lithium carbonate capacity is being released gradually; although the demand in the battery market improves, the downstream industry bears great financial pressure and prices in the lithium market are expected to remain at a low level affected by the decreased subsidies.