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China Cobalt Market Price & Cost Review Weekly 20260323

Source: Mysteel Mar 23, 2026 08:55
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Cobalt Demand Price Supply
Last week, the spot price of cobalt intermediates stood at USD $25.826.0 per pound, unchanged from the previous period. Market liquidity remained extremely limited, with no transactions concluded. Only earlier deals at USD $25.8/lb were recorded, while offers currently hold at USD $26/lb. Shipments of cobalt intermediates from the Democratic Republic of Congo (DRC) are progressing slowly. Recently, discrepancies in cobalt testing in the DRC have prompted the government to consider new regulations that may introduce unified testing authorities or standardized testing requirements in the future. According to feedback from corporate surveys, this issue has directly affected the pace of customs clearance for shipments, though it has not led to a complete halt. Currently, the loading and shipment are also relatively slow, raising concerns that domestic arrivals in April may not improve significantly.

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