Cobalt Miners News For The Month Of February 2025

2025-02-21 12:10:14 ET

Summary

• Cobalt spot prices were lower for the month and reach a multi-decade low.
• Cobalt market news - Fastmarkets: CMOC’s guidance for 2025 set at 100-120kt of cobalt suggests we’re in for another bearish year for the market.
• Cobalt miners news - Glencore 2024 own sourced cobalt production was 38.2kt, down 8% YoY. Ramu Nickel-Cobalt Mine returns to full production capacity.
• Jervois Global commences Chapter 11 recapitalization procedure. Cobalt Blue diversifies with an earn-in agreement for major copper project (Halls Creek Project) in WA, proposes name change.
• World First: TMC and PAMCO achieve a new nodule processing milestone.

Welcome to the February 2025 cobalt miners news.

The past month saw cobalt prices significantly lower, hitting a multi-decade low.

Cobalt Price News

As of February 19, the cobalt spot price was at US$9.77/lb , lower from US$11.02/lb last month. The LME cobalt price is US$20,905/tonne . LME Cobalt inventory is 126 tonnes, flat from 126 tonnes from last month. More details on cobalt pricing (in particular the more relevant cobalt sulphate), can be found here at Benchmark Mineral Intelligence or Fast Markets MB ....

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