[Price Reporting] Co Alloys : HS 25, HS 31, HS 188

1. Reporting Duration: February 24, 2025 – February 28, 2025
2. Introduction to Metals: Alloy Price Analysis including Cobalt Alloys
3. Summary : Prices for HS 25, HS 31, and HS 188 alloys have increased due to rising costs of key metals like nickel, cobalt, and tungsten. Nickel prices rose due to U.S. supply uncertainties and increasing demand from the electric vehicle market. Cobalt prices surged following a suspension of exports from the Democratic Republic of Congo, which produces 75% of the world’s cobalt. Tungsten prices climbed due to China’s export controls. These factors are driving up alloy prices, which are expected to remain high due to ongoing demand from industries like electric vehicles.

 

 

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00. [Price Reporting] Co Alloys – HS 25, HS 31, HS 188