• NCM 523 Delivered Chinaup(2600)  10-22|Cobalt Tetroxide 73.5%min Delivered Chinaup(9)  10-22|LNCMO 613 PC Delivered Chinaup(4)  10-22|NCM 8312 Delivered Chinaup(2900)  10-22|NdFeB Sintered Rough N35 Block EXW Chinadown(-4)  10-22|NCM 613 Delivered Chinaup(2400)  10-22|Praseodymium Oxide 99.5%min In warehouse Rotterdamup(2)  10-22|LNCMO 523 PC Delivered Chinaup(4)  10-22|Spodumene Li2O 5%min In port Chinaup(30)  10-22|Neodymium Metal 99%min EXW Chinadown(-20000)  10-22|Lithium Cobaltate Co 60%min Delivered Chinaup(9)  10-22|Cobalt Oxide 72%min In warehouse Rotterdamup(0.8)  10-22|LNCMO 523 SC Delivered Chinaup(4)  10-22|Erbium Oxide 99.5%min In warehouse Rotterdamup(1.5)  10-22
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    Events & Holidays
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    Business Visits

    Citi Bank and Baring Asset Management visit Asian Metal

    On the morning of November 8, vice president Jacky Shang and Ada Gao from Citi Bank, Maggie Sheng from Baring Asset Management (Asia) Limited, Dixon Lau from Harvest Global Investments, Howard Pang from Moore Capital Asia Limited and Charles Wu from Fidelity Management & Research (HongKong) Limited visited Asian Metal and conducted communications with Carol Lin, the cobalt and lithium market analyst and Friday Gao, the manager of base metal department.
    Carol introduced the upstream and downstream market conditions for cobalt and lithium. The mainstream supply for cobalt raw materials is from Congo where the cobalt concentrate exports are restricted in order to make best use of cobalt resources and downstream plants also prefer to use cobalt hydrometallurgy intermediates to produce. As the demand from traditional downstream alloy and magnets markets tend to stabilize while demand form battery market increases, it is predicted that cobalt prices would rise further within coming 2 years. As the imports for Australian spodumene have increased and the lithium salts output in China are expected to increase gradually, the high level prices for lithium will decline slightly.
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