Cobalt Miners News For The Month Of March 2025

2025-03-25 12:41:51 ET

Summary

• Cobalt spot prices spiked 67% higher for the month following the DRC ban on cobalt exports for 4 months, to balance the oversupplied market.
• Cobalt market news - China cobalt stocks jump as Congo exports ban sparks “Chaos”. China to add cobalt, copper, nickel & lithium in boost to state metal reserves.
• Cobalt miners news - Congo miner Chemaf Resources Ltd. has abandoned a deal to sell itself to Chinese. Electra receives Letter of Intent (“LOI”) for proposed funding of $20 million.

Welcome to the March 2025 cobalt miners news.

The past month saw cobalt prices spike 67% higher on news that the DRC banned cobalt exports for 4 months to help balance the market.

Cobalt price news

As of March 21, the cobalt spot price was at US$16.40/lb , higher from US$9.77/lb last month. The LME cobalt price is US$32,800/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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