Top 5 Canadian Cobalt Stocks (Updated January 2026)

2026-01-19 16:45:00 ET

The cobalt market staged a dramatic turnaround in 2025, lifting sentiment across equity markets after years of oversupply and near-record price lows.

Early in the year, the Democratic Republic of Congo’s (DRC) decision to suspend cobalt exports sparked a major price rebound, with benchmark metal prices more than doubling as supply tightened and buyers scrambled to secure feedstock.

That supply shock, followed by the DRC’s shift to a quota system limiting exports into 2026, has reshaped market dynamics, prompting analysts to forecast a structural supply deficit next year and underpinning stronger price expectations.

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