[SMM Announcement] New Price Index "SMM Cobalt Metal (In warehouse Rotterdam)"

Published: Jul 28, 2025 19:50 (GMT+8)

Source: SMM

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Cobalt metal is a key raw material for manufacturing products such as high-temperature alloys, cemented carbides, and magnetic materials. Europe, as a significant global center for aerospace, high-end manufacturing, and chemicals, is also one of the core consumer markets for refined cobalt, and its price dynamics will significantly influence the global market structure and pricing. After one month of market surveys and consultations, SMM gathered opinions from various parties. Given that Rotterdam, as Europe's largest port, aggregates raw materials from major producing regions worldwide and spot cargo circulating within the region, it has formed a mature warehousing, logistics, and trading network. The prices there truly reflect the arrival costs, supply-demand balance, and regional premiums in the European market, providing market participants with a crucial price reference benchmark.After a period of accumulation and market surveys, SMM plans to introduce a new cobalt metal price for the Rotterdam warehouse starting from August 1, 2025.

Dear Users,

Greetings!

After one month of market surveys and consultations, SMM gathered opinions from various parties. Given that Rotterdam, as Europe's largest port, aggregates raw materials from major producing regions worldwide and spot cargo circulating within the region, it has formed a mature warehousing, logistics, and trading network. The prices there truly reflect the arrival costs, supply-demand balance, and regional premiums in the European market, providing market participants with a crucial price reference benchmark.

After a period of accumulation and market surveys, SMM plans to introduce a new cobalt metal price for the Rotterdam warehouse starting from August 1, 2025.

Price Definition:

Following discussions with multiple industry participants, SMM proposes the following definition for the "SMM Cobalt Metal (In warehouse Rotterdam)" price:

Definition	Detailed
Name	Cobalt Metal（in-whs Rotterdam）
Description	Cobalt Metal, in-whs Rotterdam, $/lb
Location	In-warehouse Rotterdam, duty-unpaid ,customs uncleared
Quality	Co≥99.8%
Quantity	Minimum 1 tonne
Unit	USD/lb
Timing	Within 30 days, other terms normalized
Payment terms	Cash; other terms normalized
Publication	Daily (trading day), 6pm Beijing time (11am London Summer Time; 10am London Winter Time)
Price Information	The transaction prices on the current day, the transaction prices from the previous day that were not considered but have now been concluded, the expected most likely pending transaction prices, offers, counteroffers, etc.

SMM New Energy Team

July 28, 2025

Cobalt Price

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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