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NewsFlash / Cobalt & Lithium / Cobalt Powder Market Stable, but Rainy Season and Weak Demand Pose Challenges
Cobalt Powder Market Stable, but Rainy Season and Weak Demand Pose Challenges
iconApr 24, 2025 16:28
Source:SMM
The cobalt powder market remained stable this week, with cobalt carbonate prices fluctuating at highs. The export ban on cobalt ore from the DRC is still in effect, and although a policy review is set to begin in May, raw material prices have temporarily stabilized. Market transactions were sluggish, and smelters generally controlled their shipment pace. Demand from the downstream alloy industry was weak, with high inventories and intense industry competition continuously compressing profit margins, leading to low purchase willingness for cobalt powder. In May, the onset of the rainy season and reduced orders are expected to impact production.

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