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[SMM Weekly Review] This week, the spot price of cobalt intermediate products maintained a strong trend.
Aug 21, 2025, at 4:50 pm
[SMM Weekly Review] This week, the spot price of cobalt intermediate products maintained a strong trend, with the market's low prices staying around $13.1/lb and a small volume of transactions at $13.25/lb. On the supply side, major miners continued to refuse to budge on prices, and traders raised their quotes while controlling the pace of shipments. On the demand side, smelters made just-in-time procurement, but due to losses, only a small volume of transactions took place. Overall, influenced by the DRC's policy extension, China's cobalt intermediate products will continue to face raw material shortages in the future, providing upward momentum for prices. However, during this process, attention needs to be paid to how rising raw material prices may suppress downstream demand.
This week, the spot price of cobalt intermediate products maintained a strong trend, with the market low price hovering around $13.1/lb and a small volume of transactions occurring at $13.25/lb. On the supply side, mainstream miners maintained their refusal to budge on prices, while traders continued to raise their quotes and control the pace of shipments. On the demand side, smelters maintained just-in-time procurement, but due to losses, transactions were still dominated by small volumes. Overall, influenced by the DRC's extension policy, China's cobalt intermediate products will still face raw material shortages in the future, and there is upward momentum in prices. However, during this process, attention needs to be paid to the inhibition of downstream demand caused by the rise in raw material prices.
