Cobalt Miners News For The Month Of May 2025

2025-05-23 10:35:07 ET

Summary

• Cobalt prices remained flat in May 2025, with the market still in surplus, but forecasts suggest a shift to deficit in the early 2030s.
• Cobalt market news: Trump aims to fight China’s control of minerals. Cobalt market cautious over Glencore-backed Cobalt Holdings plan for 6,000-tonnes purchase.
• Cobalt miners news: CMOC Group Q1, 2025 net profit attributable to the parent company of RMB3.946 billion, up 90.47% YoY. GEM Co Q1 Net Profit up 12.1% Y/Y.
• TMC CEO testifies before Congress: Deep-sea minerals key to U.S. industrial future.

Welcome to the May 2025 cobalt miners' news.

The past month saw cobalt prices flat.

Cobalt price news

As of May 21, the cobalt spot price was at US$15.28/lb , flat from US$15.28/lb last month. The LME cobalt price is US$32,770/tonne . LME Cobalt inventory is 140 tonnes, no change from last month. More details on cobalt pricing (in particular the more relevant cobalt sulphate), can be found here at Benchmark Mineral Intelligence or Fast Markets MB ....

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