Cobalt Powder Prices Fluctuate Slightly, Market Remains Cautious

Published: Jun 5, 2025 17:37

Save

This week, the price of cobalt powder dropped slightly, but the price adjustment had an insignificant boost on orders. The demand from the downstream alloy industry remained stable. However, due to the still high price of tungsten carbide and its high cost proportion, alloy enterprises are more focused on the price trend of tungsten, with relatively low attention to cobalt powder. Under this market structure, the price of cobalt powder fluctuates slightly according to the price of raw materials, lacking obvious drivers for significant change in the short term, and market sentiment remains cautious. It is expected that in the short term, the cobalt powder market may continue to be in the doldrums, with prices unlikely to show significant fluctuations. Continuous attention should be paid to the price changes of upstream raw materials and the marginal changes in downstream demand.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 3, 2026 16:06

[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking

Apr 3, 2026 16:06

Apr 3, 2026 15:41

Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026

Yankuang Energy stated at its 2025 annual results briefing that, according to the feasibility study report prepared by Changsha Engineering & Research Institute Ltd. of Nonferrous Metallurgy, Xinghe Molybdenum (Caosiyao Molybdenum Mine) is located in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, and has molybdenum ore resources of 1.04 billion mt, metal content of 1.089 million mt, an average grade of 0.105%, and associated metals including tungsten and zinc. The designed capacity is 16.5 million mt/year of raw ore, and annual molybdenum concentrate production will reach 30,800 mt/year upon reaching full production. In February 2026, it was issued the electronic certificate for a mining license with an annual mining scale of 16.5 million mt, and construction is expected to commence in H2 2026, with a construction period of 1.5-2 years.

Apr 3, 2026 15:41

Apr 3, 2026 15:24

Angang Steel's April ferromolybdenum tender price was 282,800/mt

[Molybdenum-Iron Steel Tender Information] SMM, April 3: Angang Steel's latest ferromolybdenum tender price was 282,800 yuan/mt (acceptance bill), with a quantity of 210 mt and a delivery date of April 30.

Apr 3, 2026 15:24