China’s Cobalt Prices Surge on DRC Supply Disruption

Post Views: 240 DRC Suspension of Feedstock from DRC Fuels Price Rally in Chinese Cobalt Market China’s cobalt prices are on a firm upward trajectory as the Democratic Republic of the Congo (DRC) continues its suspension of cobalt feedstock exports. Market participants expect this rally to continue unless the DRC government lifts its restrictions.   Supply Constraints Tighten Global Inventory Cobalt prices in China could climb to ¥300/kg, driven by the ongoing shortage of intermediate products. “Prices are trending up due to tightened supply,” said one trader. “Whether they break th...