According to customs data, China's imports of cobalt hydrometallurgy intermediate products reached approximately 18,600 mt in metal content in April 2025, up 5% MoM. In terms of average import prices, in March 2025, the average import price of cobalt hydrometallurgy intermediate products in China was $15,820/mt (metal content). By country, the DRC remained the primary source of imports in March, with imports totaling approximately 18,500 mt in metal content (calculated based on a 35% grade), an average import price of $15,857/mt (metal content), and accounting for approximately 99% of total imports.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Liu Yujun 021-20707895
Zhou Zhicheng 021-51666711
