倒计时7天 2025（第十届）起点锂电行业年会暨锂电金鼎奖颁奖典礼 &起点研究十周年庆典 2025起点用户侧储能及电池技术论坛 活动主题： 新周期 新技术 新生态 活动时间： 2025年12月18-19日 活动地址： 深圳市维纳斯皇家酒店（深圳国际会展中心京基百纳店）三楼维纳斯厅（深圳市宝安区沙井 镇沙井路118号） 主办单位： 起点锂电、起点储能、起点研究院SPIR 赞助及演讲单位： 惠州潼湖生态智慧区管理委员会/逸飞激光/小鲁锂电/派能科技/莫洛奇/融捷能源/远 东电池/诺达智慧/奥鸿智能/中天和/超业精密/北测新能源/蓝京新能源/贤辰智享/东唐智能/达力智能/ 亿鑫丰/爱签/和明机械/金力股份/孚悦科技/乾纳智能装备/多氟多/科迈罗/三合一体/果曼钠电/新能安/ 海辰储能/瑞浦兰钧/鹏辉能源//国轩吉泰美/创明新能源/德赛电池/先导智能/亿纬锂能/移族/新日股份/ 弘正储能/亮见钠电/易事特/清陶云能/信宇人/星恒电源/昆仑化学/星翼能源等 钴价格近两天短暂出现了回落，但相较来看还是太贵。 12 月 10 日金属钴现货价格报 40 . 68 万 元 / 吨，较上一日下跌 3600 元，近一周累计下跌 9 ...

Core Viewpoint - The recent fluctuations in cobalt prices are closely linked to policy adjustments in the Democratic Republic of Congo (DRC), which significantly impact domestic cobalt-related industries and listed companies [3][12]. Group 1: Cobalt Price Trends - As of March 10, the average price of domestic cobalt reached 223,000 yuan per ton, marking a cumulative increase of 40.25% since the low point on February 24 [2]. - The cobalt industry has experienced a continuous decline over the past three years, with prices dropping approximately 80% [9]. - The DRC announced a four-month suspension of cobalt exports on February 24, 2025, to address the oversupply in the global cobalt market, which could lead to a 25% reduction in global cobalt supply [8][13]. Group 2: Impact on Industries - The increase in cobalt prices is expected to raise the cost of ternary power batteries for electric vehicles by approximately 1,000 yuan for every 60% rise in cobalt prices [4]. - The supply-demand gap in the cobalt industry could reach 25%, which is significant enough to drive up commodity prices [7]. - The price of cobalt sulfate, used in ternary materials, surged from 26.55 yuan per kilogram to 42.05 yuan in just ten days, reflecting a 58.4% increase [15]. Group 3: Market Reactions - From February 25 to March 10, the average stock price increase for four listed companies in the cobalt sector reached 21.41%, leading all sub-sectors [21]. - Companies like Luoyang Molybdenum Co., which is the largest cobalt producer globally, reported an 8.6% increase in stock price and are actively communicating with the DRC government regarding policy changes [22]. - The rising cobalt prices have also affected the recycling market for used batteries, with significant price increases reported for scrap batteries [18]. Group 4: Company Performance and Profitability - Companies such as Hanrui Cobalt and Tengyuan Cobalt are expected to benefit from the rising prices, as their profitability is closely tied to the prices of cobalt products [24]. - However, the revenue contribution from cobalt-related businesses is relatively low for many A-share companies, with cobalt products accounting for only 36.08% of Tengyuan Cobalt's revenue [25]. - The varying levels of benefit from the price increases will depend on each company's position in the supply chain and revenue structure [26].