Monthly Cobalt Market Report Apr 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 powder producers' inventories in April 2025 decreased by 28.Asian Metal Copyright2 Delivered prices for cobalt metal 99.8%min 2
3.1.Asian Metal Copyright11 Delivered prices for NCM precursor 8312 3 3.Asian Metal Copyright3 Delivered prices for cobalt powder 99.5%min 2
3.1.4 Delivered prices for cobalt carbonate 46%min 2
3.1.6 Delivered prices for cobalt chloride 24%min 3
3.1.Asian Metal Copyright1 3 Market Movements 2 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 4
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 Copyright8%min prices in warehouse Baltimore 4 4.Asian Metal Copyright1 Cobalt metal 99.8%min prices in warehouse Rotterdam 4
3.2.Asian Metal Copyright1.Asian Metal Copyright3 Cobalt metal 99.8%min prices in warehouse Baltimore 4
4. Company News 5
5. Producers Metrics 8
5.1 Cobalt metal 8
5.1.Asian Metal Copyright2 China's cobalt chloride output in April 2025 increased by 15.Asian Metal Copyright1 Chinese cobalt metal producers' operating rate in April 2025 down by 6.97% MoM 8
5.1.Asian Metal Copyright7 Delivered prices for cobalt tetroxide 73.Asian Metal Copyright2 China's cobalt metal output in April 2025 down by 6.98% MoM 8
5.1.Asian Metal Copyright84% MoM 10 5.Asian Metal Copyright3 Chinese cobalt metal producers' inventory in April 2025 down by 19.71% MoM 8
5.2 Cobalt powder 8
5.2.Asian Metal Copyright3 Chinese cobalt sulfate producers' inventories in April 2025 down by 34.Asian Metal Copyright1 Chinese cobalt powder producers' operating rate in April 2025 up by 22.99% MoM 8
5.2.Asian Metal Copyright Economy and Policy 2 3.Asian Metal Copyright2 China's cobalt powder output in April 2025 edged up by 23.00%% MoM 9
5.2.Asian Metal Copyright71% MoM 8 5.Asian Metal Copyright3 Chinese cobalt powder producers' inventories in April 2025 decreased by 28.30% MoM 9
5.2.Asian Metal Copyright37% MoM 11 5.Asian Metal Copyright4 Chinese cobalt powder producers' sales volume in April 2025 increased by 29.89% MoM 9
5.3 Cobalt sulfate 10
5.3.Asian Metal Copyright3 Chinese cobalt powder producers' inventories in April 2025 decreased by 28.Asian Metal Copyright1 Chinese cobalt sulfate producers' operating rate in April 2025 up by 5.84% MoM 10
5.3.Asian Metal Copyright14 Delivered prices for LNCMO 613 4 3.Asian Metal Copyright2 China's cobalt sulfate output in April 2025 up by 3.34% MoM 10
5.3.Asian Metal Copyright1.Asian Metal Copyright3 Chinese cobalt sulfate producers' inventories in April 2025 down by 34.97% MoM 10
5.3.Asian Metal Copyright3 Chinese cobalt tetroxide producers' sales volume in April 2025 up by 2.Asian Metal Copyright3 Chinese cobalt sulfate producers' sales volume in April 2025 up by 23.23% MoM 11
5.4 Cobalt chloride 11
5.4.Asian Metal Copyright1 Chinese cobalt powder producers' operating rate in April 2025 up by 22.Asian Metal Copyright1 Chinese cobalt chloride producers' operating rate in April 2025 move up by 15.37% MoM 11
5.4.Asian Metal Copyright3.Asian Metal Copyright2 China's cobalt chloride output in April 2025 increased by 15.35% MoM 11
5.4.Asian Metal Copyright71% MoM 8 5.Asian Metal Copyright3 Chinese cobalt chloride producers' stocks in April 2025 down by 31.25% MoM 12
5.4.Asian Metal Copyright13 Delivered prices for LNCMO 523 4 3.Asian Metal Copyright3 Chinese cobalt chloride producers' sales volume in April 2025 up by 4.20% MoM 12
5.5 Cobalt tetroxide 12
5.5.Asian Metal Copyright1.Asian Metal Copyright1 Chinese cobalt tetroxide producers' operating rate in April 2025 up by 7.48% MoM 12
5.5.Asian Metal Copyright84% MoM 10 5.Asian Metal Copyright2 China's cobalt tetroxide output in April 2025 up by 4.55% MoM 13
5.5.Asian Metal Copyright2.Asian Metal Copyright3 Chinese cobalt tetroxide producers' stocks in April 2025 up by 13.16% MoM 13
5.5.Asian Metal Copyright4.Asian Metal Copyright3 Chinese cobalt tetroxide producers' sales volume in April 2025 up by 2.69% MoM 13
5.6 NCM precursor 14
5.6.Asian Metal Copyright1 China's unwrought cobalt import volume increased 262.Asian Metal Copyright1 Chinese NCM precursor producers' operating rate in April 2025 up by 13.70% MoM 14
5.6.Asian Metal Copyright8%min prices in warehouse Baltimore 4 4.Asian Metal Copyright2 China's NCM precursor output in April 2025 up by 13.71% MoM 14
5.6.Asian Metal Copyright61% YoY in Feb 2026 15 .Asian Metal Copyright3 Chinese NCM precursor producers' stocks in April 2025 down 3.43% MOM 14
5.6.Asian Metal Copyright12 Delivered prices for LCO Co 60%min 4 3.Asian Metal Copyright3 Chinese NCM precursor producers' sales volume in April 2025 up by 18.06% MOM 15
6. Customs Statistics 15
6.1 China's unwrought cobalt import volume increased 262.19% YoY in Feb 2026 15
6.2 China's cobalt intermediate products import volume declined 94.61% YoY in Feb 2026 15


.Asian Metal Copyright61% YoY in Feb 2026 15 Asian Metal Copyright