【SMM Analysis】China's Unwrought Cobalt Exports and Average Export Price Surged MoM in March 2025

Published: Apr 23, 2025 17:44

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SMM Analysis: China's Exports of Unwrought Cobalt and Average Export Prices Surged MoM in March 2025. In March 2025, China's imports of unwrought cobalt were approximately 525 mt (metal content), up 10.5% MoM and 135% YoY.

In March 2025, China's imports of unwrought cobalt were approximately 525 mt (metal content), up 10.5% MoM and up 135% YoY. In terms of import prices, the average import price of unwrought cobalt in China in December 2024 was $19,711/mt (metal content), down 8.7% MoM. From January to March 2025, cumulative imports reached 1,499 mt (metal content), up 152.4% YoY.

On the export side, China's exports of unwrought cobalt in March 2025 were approximately 1,353 mt (metal content), up 199% MoM and up 37% YoY. In terms of export prices, the average export price of unwrought cobalt in China in March 2025 was $24,255/mt (metal content), up 9% MoM. From January to March 2025, cumulative exports reached 68,412 mt (metal content), down 24.7% YoY.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lyu 021-20707875

Yujun Liu 021-20707895

Zhicheng Zhou 021-51666711

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.

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