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[SMM Weekly Review] Spot Prices of Cobalt Intermediate Products Rose This Week
Sep 18, 2025, at 4:15 pm
Spot prices for cobalt intermediate products continued to rise this week, with overseas market offers increasing steadily. In the domestic market, transactions were recorded around $14.4/lb. On the supply side, major miners maintained their suspension of sales, while traders also halted shipments as they awaited policy developments in the DRC. Demand side, smelters maintained only essential procurement pace under high raw material cost pressure. Overall, amid current policy uncertainty, both buyers and sellers were hesitant to make early judgments, keeping the market sluggish. Once policies are implemented, cobalt intermediate product prices are expected to see significant changes.
This week, cobalt intermediate product spot prices continued to rise, with overseas market offers increasing steadily, and domestic transactions were observed around $14.4/lb. On the supply side, major miners maintained their sales suspension, while traders awaited policy developments in the DRC and similarly halted shipments. Demand side, smelters only maintained rigid procurement pace under high raw material cost pressure. Overall, amid current policy uncertainty, both buyers and sellers were hesitant to make early judgments, keeping the market sluggish. It is expected that cobalt intermediate product prices may see significant changes after the policy is implemented.
