In recent years, as the global electric vehicle market continues to heat up, the demand for ternary lithium batteries has increased significantly. Cobalt is one of the important cathode materials in ternary lithium batteries, but resources are scarce and prices have been rising since 2017. On the one hand, the price of cobalt is rising, on the other hand, subsidies are gradually fading, and the high-nickel and low-cobalt cathode materials of ternary lithium batteries have become an inevitable development trend.
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