Monthly Cobalt Market Report Mar 2026

Contents

2.1 1 Market Highlights 2
3. Economy and Policy 2
3.1 3 Market Movements 2
3.1 Market Movements in China 2
3.1.1 CIF China prices for cobalt intermediate 30-40% 2
3.1.Asian Metal Copyright3 Chinese cobalt tetroxide producers' stocks in March 2025 up by 13.Asian Metal Copyright2 Delivered prices for cobalt metal 99.8%min 2
3.1.Asian Metal Copyright3.Asian Metal Copyright3 Delivered prices for cobalt powder 99.5%min 2
3.1.4 Delivered prices for cobalt carbonate 46%min 2
3.1.Asian Metal Copyright8%min prices in warehouse Baltimore 4 4.Asian Metal Copyright5 Delivered prices for cobalt sulfate 20.5%min 2
3.1.6 Delivered prices for cobalt chloride 24%min 2
3.1.Asian Metal Copyright12 Delivered prices for LCO Co 60%min 3 3.Asian Metal Copyright7 Delivered prices for cobalt tetroxide 73.5%min 3
3.1.8 Delivered prices for cobalt oxide 72%min 3
3.1.9 Delivered prices for NCM precursor 523 3
3.1.10 Delivered prices for NCM precursor 613 3
3.1.11 Delivered prices for NCM precursor 8312 3
3.1.12 Delivered prices for LCO Co 60%min 3
3.1.13 Delivered prices for LNCMO 523 4
3.1.14 Delivered prices for LNCMO 613 4
3.1.15 Delivered prices for LNCMO 8312 4
3.2 Intentional Market Movements 4
3.2.Asian Metal Copyright3 Chinese cobalt tetroxide producers' stocks in March 2025 up by 13.Asian Metal Copyright1 Cobalt metal 99.8%min prices in warehouse Rotterdam 4
3.2.Asian Metal Copyright2 Intentional Market Movements 4 3.Asian Metal Copyright3 Cobalt metal 99.8%min prices in warehouse Baltimore 4
4. Company News 4
5. Producers Metrics 6
5.1 Cobalt metal 6
5.1.Asian Metal Copyright5%min 2 3.Asian Metal Copyright1 Chinese cobalt metal producers' operating rate in March 2025 down by 6.97% MoM 6
5.1.Asian Metal Copyright98% MoM 6 5.Asian Metal Copyright2 China's cobalt metal output in March 2025 down by 6.98% MoM 6
5.1.Asian Metal Copyright1 Cobalt metal 6 5.Asian Metal Copyright3 Chinese cobalt metal producers' inventory in March 2025 down by 19.71% MoM 6
5.2 Cobalt powder 6
5.2.Asian Metal Copyright2 Delivered prices for cobalt metal 99.Asian Metal Copyright1 Chinese cobalt powder producers' operating rate in March 2025 up by 22.99% MoM 6
5.2.Asian Metal Copyright00%% MoM 7 5.Asian Metal Copyright2 China's cobalt powder output in March 2025 edged up by 23.00%% MoM 7
5.2.Asian Metal Copyright3 Chinese cobalt powder producers' inventories in March 2025 decreased by 28.Asian Metal Copyright3 Chinese cobalt powder producers' inventories in March 2025 decreased by 28.30% MoM 7
5.2.Asian Metal Copyright1 China's unwrought cobalt import volume increased 262.Asian Metal Copyright4 Chinese cobalt powder producers' sales volume in March 2025 increased by 29.89% MoM 7
5.3 Cobalt sulfate 8
5.3.Asian Metal Copyright8%min prices in warehouse Rotterdam 4 3.Asian Metal Copyright1 Chinese cobalt sulfate producers' operating rate in March 2025 up by 5.84% MoM 8
5.3.Asian Metal Copyright4.Asian Metal Copyright2 China's cobalt sulfate output in March 2025 up by 3.34% MoM 8
5.3.Asian Metal Copyright6.Asian Metal Copyright3 Chinese cobalt sulfate producers' inventories in March 2025 down by 34.97% MoM 8
5.3.Asian Metal Copyright1 Cobalt metal 99.Asian Metal Copyright3 Chinese cobalt sulfate producers' sales volume in March 2025 up by 23.23% MoM 9
5.4 Cobalt chloride 9
5.4.Asian Metal Copyright2 China's cobalt tetroxide output in March 2025 up by 4.Asian Metal Copyright1 Chinese cobalt chloride producers' operating rate in March 2025 move up by 15.37% MoM 9
5.4.Asian Metal Copyright23% MoM 9 5.Asian Metal Copyright2 China's cobalt chloride output in March 2025 increased by 15.35% MoM 9
5.4.Asian Metal Copyright5 Delivered prices for cobalt sulfate 20.Asian Metal Copyright3 Chinese cobalt chloride producers' stocks in March 2025 down by 31.25% MoM 10
5.4.Asian Metal Copyright2.Asian Metal Copyright3 Chinese cobalt chloride producers' sales volume in March 2025 up by 4.20% MoM 10
5.5 Cobalt tetroxide 10
5.5.Asian Metal Copyright2 China's cobalt chloride output in March 2025 increased by 15.Asian Metal Copyright1 Chinese cobalt tetroxide producers' operating rate in March 2025 up by 7.48% MoM 10
5.5.Asian Metal Copyright Customs Statistics 13 6.Asian Metal Copyright2 China's cobalt tetroxide output in March 2025 up by 4.55% MoM 11
5.5.Asian Metal Copyright1 Cobalt metal 99.Asian Metal Copyright3 Chinese cobalt tetroxide producers' stocks in March 2025 up by 13.16% MoM 11
5.5.Asian Metal Copyright1 China's unwrought cobalt import volume increased 262.Asian Metal Copyright3 Chinese cobalt tetroxide producers' sales volume in March 2025 up by 2.69% MoM 11
5.6 NCM precursor 12
5.6.Asian Metal Copyright6.Asian Metal Copyright1 Chinese NCM precursor producers' operating rate in March 2025 up by 13.70% MoM 12
5.6.Asian Metal Copyright3 Chinese NCM precursor producers' stocks in March 2025 down 3.Asian Metal Copyright2 China's NCM precursor output in March 2025 up by 13.71% MoM 12
5.6.Asian Metal Copyright5%min 2 3.Asian Metal Copyright3 Chinese NCM precursor producers' stocks in March 2025 down 3.43% MOM 12
5.6.Asian Metal Copyright1.Asian Metal Copyright3 Chinese NCM precursor producers' sales volume in March 2025 up by 18.06% MOM 13
6. Customs Statistics 13
6.1 China's unwrought cobalt import volume increased 262.19% YoY in Feb 2026 13
6.2 China's cobalt intermediate products import volume declined 94.61% YoY in Feb 2026 13


.Asian Metal Copyright2 Delivered prices for cobalt metal 99Asian Metal Copyright