Monthly Cobalt Market Report May 2026
2026-06-01 09:02:28 【Print】
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Contents
2. 1 Market Highlights 2
3. Economy and Policy 2
4. 3 Market Movements 2
3.1 Market Movements in China 2
3.1.1 CIF China prices for cobalt intermediate 30-40% 2
3.1.2 Delivered prices for cobalt metal 99.8%min 2
3.1.3 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
3.1.7 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
3.2.1 Cobalt metal 99.8%min prices in warehouse Rotterdam 4
3.2.3 Cobalt metal 99.8%min prices in warehouse Baltimore 4
4. Company News 5
5. Producers Metrics 9
5.1 Cobalt metal 9
5.1.1 Chinese cobalt metal producers' operating rate in May 2025 up by 25% MoM 9
5.1.2 China's cobalt metal output in May 2025 up by 25.0% MoM 9
5.1.3 Chinese cobalt metal producers' inventory in May 2025 down by 1.2% MoM 9
5.2 Cobalt powder 9
5.2.1 Chinese cobalt powder producers' operating rate in May 2025 down by 4.0% MoM 9
5.2.2 China's cobalt powder output in May 2025 edged down by 4.0% MoM 9
5.2.3 Chinese cobalt powder producers' inventories in May 2025 increased by 37.5% MoM 10
5.2.4 Chinese cobalt powder producers' sales volume in May 2025 decreased by 32.3% MoM 10
5.3 Cobalt sulfate 10
5.3.1 Chinese cobalt sulfate producers' operating rate in May 2025 up by 9.5% MoM 10
5.3.2 China's cobalt sulfate output in May 2025 down by 9.1% MoM 11
5.3.3 Chinese cobalt sulfate producers' inventories in May 2025 up by 8.19% MoM 11
5.3.3 Chinese cobalt sulfate producers' sales volume in May 2025 down by 20.75% MoM 11
5.4 Cobalt chloride 12
5.4.1 Chinese cobalt chloride producers' operating rate in May 2025 keep stable MoM 12
5.4.2 China's cobalt chloride output in May 2025 stay steady MoM 12
5.4.3 Chinese cobalt chloride producers' stocks in May 2025 up by 61.82% MoM 12
5.4.3 Chinese cobalt chloride producers' sales volume in May 2025 down by 43.73% MoM 13
5.5 Cobalt tetroxide 13
5.5.1 Chinese cobalt tetroxide producers' operating rate in May 2025 stay steady MoM 13
5.5.2 China's cobalt tetroxide output in May 2025 stay the same MoM 13
5.5.3 Chinese cobalt tetroxide producers' stocks in May 2025 up by 13.16% MoM 14
5.5.3 Chinese cobalt tetroxide producers' sales volume in May 2025 up by 1.87% MoM 14
5.6 NCM precursor 14
5.6.1 Chinese NCM precursor producers' operating rate in May 2025 up by 3.88% MoM 14
5.6.2 China's NCM precursor output in May 2025 down by 2.26% MoM 15
5.6.3 Chinese NCM precursor producers' stocks in May 2025 up 18.80% MOM 15
5.6.3 Chinese NCM precursor producers' sales volume in May 2025 down by 5.66% MOM 15
6. Customs Statistics 16
6.1 China's unwrought cobalt import volume increased 58.85% YoY in Apr 2026 16
6.2 China's cobalt intermediate products import volume declined 97.65% YoY in Apr 2026 16
2. 1 Market Highlights 2
3. Economy and Policy 2
4. 3 Market Movements 2
3.1 Market Movements in China 2
3.1.1 CIF China prices for cobalt intermediate 30-40% 2
3.1.2 Delivered prices for cobalt metal 99.8%min 2
3.1.3 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
3.1.7 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
3.2.1 Cobalt metal 99.8%min prices in warehouse Rotterdam 4
3.2.3 Cobalt metal 99.8%min prices in warehouse Baltimore 4
4. Company News 5
5. Producers Metrics 9
5.1 Cobalt metal 9
5.1.1 Chinese cobalt metal producers' operating rate in May 2025 up by 25% MoM 9
5.1.2 China's cobalt metal output in May 2025 up by 25.0% MoM 9
5.1.3 Chinese cobalt metal producers' inventory in May 2025 down by 1.2% MoM 9
5.2 Cobalt powder 9
5.2.1 Chinese cobalt powder producers' operating rate in May 2025 down by 4.0% MoM 9
5.2.2 China's cobalt powder output in May 2025 edged down by 4.0% MoM 9
5.2.3 Chinese cobalt powder producers' inventories in May 2025 increased by 37.5% MoM 10
5.2.4 Chinese cobalt powder producers' sales volume in May 2025 decreased by 32.3% MoM 10
5.3 Cobalt sulfate 10
5.3.1 Chinese cobalt sulfate producers' operating rate in May 2025 up by 9.5% MoM 10
5.3.2 China's cobalt sulfate output in May 2025 down by 9.1% MoM 11
5.3.3 Chinese cobalt sulfate producers' inventories in May 2025 up by 8.19% MoM 11
5.3.3 Chinese cobalt sulfate producers' sales volume in May 2025 down by 20.75% MoM 11
5.4 Cobalt chloride 12
5.4.1 Chinese cobalt chloride producers' operating rate in May 2025 keep stable MoM 12
5.4.2 China's cobalt chloride output in May 2025 stay steady MoM 12
5.4.3 Chinese cobalt chloride producers' stocks in May 2025 up by 61.82% MoM 12
5.4.3 Chinese cobalt chloride producers' sales volume in May 2025 down by 43.73% MoM 13
5.5 Cobalt tetroxide 13
5.5.1 Chinese cobalt tetroxide producers' operating rate in May 2025 stay steady MoM 13
5.5.2 China's cobalt tetroxide output in May 2025 stay the same MoM 13
5.5.3 Chinese cobalt tetroxide producers' stocks in May 2025 up by 13.16% MoM 14
5.5.3 Chinese cobalt tetroxide producers' sales volume in May 2025 up by 1.87% MoM 14
5.6 NCM precursor 14
5.6.1 Chinese NCM precursor producers' operating rate in May 2025 up by 3.88% MoM 14
5.6.2 China's NCM precursor output in May 2025 down by 2.26% MoM 15
5.6.3 Chinese NCM precursor producers' stocks in May 2025 up 18.80% MOM 15
5.6.3 Chinese NCM precursor producers' sales volume in May 2025 down by 5.66% MOM 15
6. Customs Statistics 16
6.1 China's unwrought cobalt import volume increased 58.85% YoY in Apr 2026 16
6.2 China's cobalt intermediate products import volume declined 97.65% YoY in Apr 2026 16
