2. Introduction to Metals: Alloy Price Analysis including Cobalt Alloys
3. Summary: From March 3 to March 7, 2025, HS alloy prices rose, with HS 6, HS 6B, HS 21, HS 25, HS 31, and HS 188 increasing by over $1. The main driver was a rise in cobalt prices, which increased by $2.23 due to Congo’s export suspension announcement to tackle illegal mining and oversupply. Alloys with higher cobalt content, such as HS 6 and HS 21, saw larger price increases. While the rise in cobalt prices may be temporary, future price trends will depend on supply-side adjustments and structural issues in the cobalt market.
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00. [Price Reporting] Co Alloys – HS 6, HS 6B, HS 21, HS 25, HS 31, HS 188
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