Cobalt Miners News For The Month Of April 2025

2025-04-24 08:07:47 ET

Summary

• Cobalt spot prices were lower the past month after a large rally the month before due to the DRC cobalt export ban.
• Cobalt market news - The DRC government may extend the 4 month cobalt export ban beyond June 2025. Cobalt would be exempt from Trump's reciprocal tariffs.
• Cobalt miners news - Huayou Cobalt 2024 net profit up 24.0%. Ardea secures A$4.6M Strategic Placement at 7.5% premium from Sumitomo Metal Mining.
• Cobalt Blue Pre FID Consortium Deed executed with Iwatani Australia Pty Limited to progress the Kwinana Cobalt Refinery. TMC to apply for permits under existing U.S. Mining Code for deep-sea minerals in Q2.

Welcome to the April 2025 cobalt miners news.

The past month saw cobalt prices lower.

Cobalt price news

As of April 17, the cobalt spot price was at US$15.28/lb , lower from US$16.40/lb last month. The LME cobalt price is US$32,760/tonne . LME Cobalt inventory is 140 tonnes, higher 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 .

Cobalt spot prices long term price chart - USD 15.28 ( source )

Cobalt demand v supply forecasts

S&P Global Market intelligence - Cobalt demand v supply forecast as of Oct. 2024 ( source ) ...

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