[SMM Analysis] China's Unwrought Cobalt Exports, Imports Drop Back Slightly in May 2025

Published: Jun 20, 2025 13:50

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[SMM Analysis: China's Unwrought Cobalt Imports and Exports Drop Back Slightly in May 2025] In May 2025, China's unwrought cobalt imports amounted to approximately 651 mt (metal content), down 23% MoM and up 189% YoY. In the same month, China's unwrought cobalt exports reached around 2,986 mt (metal content), down 27% MoM and up 433% YoY.

In May 2025, China's imports of unwrought cobalt were approximately 651 mt (metal content), down 23% MoM and up 189% YoY. In terms of average import prices, the average import price of unwrought cobalt in China in April 2025 was $30,306/mt (metal content), up 12.96% MoM. From January to May 2025, cumulative imports reached 2,990 mt (metal content), with a cumulative increase of 178.4% YoY.

In terms of exports, China's exports of unwrought cobalt in May 2025 were approximately 2,986 mt (metal content), down 27% MoM and up 433% YoY. In terms of average export prices, the average export price of unwrought cobalt in China in March 2025 was $32,302/mt (metal content), up 3.80% MoM. From January to May 2025, cumulative exports reached 10,383 mt (metal content), with a cumulative increase of 232.68% YoY.

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

Xiao Wenhao 021-51666872

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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