Cobalt Prices

09-12-2025 - Over the past month, the price of cobalt has risen from $48,151/t to $51,784/t, indicating a strengthening market. This increase suggests growing demand or potential supply constraints. The forecast predicts a further rise to $52,999.91/t, a 2.3% increase from the current price of $51,784/t, highlighting a slight upward trend. However, there is a risk of market volatility affecting raw material prices.

The forecast suggests upward pressure on raw material prices, primarily driven by supply factors, with inventories having the most significant impact at $532.86 per ton. All data types, including demand, flows, and technical indicators, support this upward trend.

Recent developments in the cobalt market point to a bullish outlook, consistent with the forecasted price increase. The Democratic Republic of Congo (DRC), which supplies over 70% of the world's cobalt, has introduced new export conditions, including a 10% pre-paid mining royalty and strict compliance requirements. These measures have effectively halted exports, causing a significant price surge from $10 to $24 per pound since February 2025. Analysts caution that ongoing instability could further affect prices. This external analysis aligns with the forecasted upward trend in cobalt prices.