Keyword search: battery plant ,  lithium battery factory ,  power bank works ,  lifepo4 battery mill ,  Pallet Trucks LiFePO4 Battery,  LiFePO4 Pallet Trucks Battery,  Lithium Pallet Trucks Battery, 

Recently, Congo Glencore, the world's largest supplier of cobalt ore, announced that it would stop exporting cobalt ore for one year.

In the future, the cost of power batteries and even new energy vehicles will soar rapidly.

As soon as the news came out, Luoyang Molybdenum Co., Ltd., the world's second largest cobalt supplier, and several cobalt industry concept stocks represented by Hanrui Cobalt Co., Ltd. saw their share prices soar and hit the ceiling.

The price of power battery is about to soar

A few days ago, Glencore announced that its KCC would suspend the export and sales of cobalt ore in the Congo (DRC) project. Until further notice, cobalt products that should have been sold from the fourth quarter of this year to the second quarter of next year will be delayed to the third and fourth quarters of next year.

In today's power battery components, cobalt is an indispensable element.

In the production cost of new energy vehicles, the power battery cost accounts for 30% - 60%; However, the weight of cobalt used as positive material in the battery exceeds 20%, and the cost exceeds 10%.

It can be said that without cobalt, we cannot build a ternary lithium power battery, let alone a new energy vehicle.

At present, Congo's cobalt supply is one of the main channels for cobalt supply.

The suspension of cobalt supply in Congo means that the price of power battery will soar in the next year.

Cobalt ore limits the development of power battery

At present, the supply of cobalt is severely limited, which has hindered the normal development of the power battery industry.

At present, cobalt ore is mainly supplied by large mines controlled by Glencore, Luoyang Molybdenum Industry, Eurasian Resources, Sherrit Mining, Norilsk Nickel and other giants.

Among these giants, Glencore and Luoyang Molybdenum rank among the top two suppliers of cobalt ore, accounting for 23% and 14% of the global supply respectively last year.

This is why Glencore will cause such a big fluctuation to the market after it stops supplying.

At the same time, the number of global core traders of cobalt is relatively small and concentrated, so it is easy to form a high degree of control over cobalt products with small market capacity.

In fact, the price of cobalt has been soaring since 2015, nearly tripling in two years, and reaching 80000 dollars/ton at the highest.

Learn from the past and learn from the past.

The existing precedent means that even if the supply of cobalt ore resumes, the price will not fall to the normal level quickly.

Without cobalt ore, you can't afford it. How can you make a battery?

For this problem, battery manufacturers have seen the potential crisis in the existing supply mode and announced the research and development of other types of batteries.

In these routes, high nickel ternary batteries have received the most attention.

In any case, getting rid of cobalt dependence has become the consensus of all countries.

Lithium Batteries ,Ensure Quality

Our lithium battery production line has a complete and scientific quality management system

Ensure the product quality of lithium batteries

Years of experience in producing lithium batteries

Focus on the production of lithium batteries

WE PROMISE TO MAKE EVERY LITHIUM BATTERY WELL

We have a comprehensive explanation of lithium batteries

QUALIFICATION CERTIFICATE

THE QUALITY OF COMPLIANCE PROVIDES GUARANTEE FOR CUSTOMERS

MULTIPLE QUALIFICATION CERTIFICATES TO ENSURE STABLE PRODUCT QUALITY

Providing customers with professional and assured products is the guarantee of our continuous progress.

Applicable brands of our products