[SMM Analysis] Slight Increase in Cobalt Intermediate Products Imports in April

Published: May 21, 2025 17:36

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[SMM Analysis: Both YoY and MoM Cobalt Intermediate Product Imports Rose in March] According to customs data, China's imports of cobalt hydrometallurgy intermediate products reached approximately 18,600 mt in metal content in April 2025, up 5% MoM. In terms of average import prices, the average import price of cobalt hydrometallurgy intermediate products in China was $15,820/mt (metal content) in March 2025.

According to customs data, China's imports of cobalt hydrometallurgy intermediate products reached approximately 18,600 mt in metal content in April 2025, up 5% MoM. In terms of average import prices, in March 2025, the average import price of cobalt hydrometallurgy intermediate products in China was $15,820/mt (metal content). By country, the DRC remained the primary source of imports in March, with imports totaling approximately 18,500 mt in metal content (calculated based on a 35% grade), an average import price of $15,857/mt (metal content), and accounting for approximately 99% of total imports.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Liu Yujun 021-20707895

Zhou Zhicheng 021-51666711

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