On July 24, the market price of electrolytic cobalt increased Yuan 5,387/tonne to Yuan 338,682-341,682/tonne. In addition, the market priced of cobalt chloride and cobalt sulfate continued to remain stable at Yuan 100,000-102,000/t and Yuan 81,000/t-83,000/t respectively.Yesterday, both cobalt chloride and cobalt sulfate prices remained stable throughout the day, with no significant fluctuations observed. Meanwhile, trading sentiment in the cobalt chloride and cobalt sulfate markets was generally moderate, and most downstream participants adopted a wait-and-see approach.The overall cobalt market exhibited a "strong consolidation" pattern. On the demand side, the growth rates of ternary battery production and installation volumes slowed down, while auto sales declined month-on-month, thereby weakening support for cobalt demand.