Latest Update in the SMM Cobalt Market

June 26: Northern ports: South African high-iron ore 30.8-31.7 yuan/mtu, down WoW; South African semi-carbonate ore 37.2-37.7 yuan/mtu, down WoW; Gabonese ore 40.6-41 yuan/mtu, flat WoW; 46% Australian lumps 43.3-43.8 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, down WoW. Southern ports: South African high-iron ore 34-34.5 yuan/mtu, down WoW; South African semi-carbonate ore 36.5-37 yuan/mtu, flat WoW; Gabonese ore 41-41.5 yuan/mtu, flat WoW; 46% Australian lumps 43.5-44 yuan/mtu, flat WoW; South African medium-iron ore 37-37.5 yuan/mtu, flat WoW. The manganese ore market is stable but stagnant, end-use demand is weak, and wait-and-see sentiment prevails among buyers and sellers.

As of now, the FOB price for Indonesian MHP nickel is $15,851/mt Ni, and that for Indonesian MHP cobalt is $51,475/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) stood at 81.5-83, while the cobalt payables for MHP (against SMM refined cobalt, Rotterdam warehouse) were 97. The FOB price for Indonesian high-grade nickel matte is $15,936/mt Ni.

Raw material side, spot lithium carbonate and nickel sulphate prices fluctuated this week, while cobalt sulphate prices fell steadily.

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Artificial Graphite Supply-Demand Tightness and Firm Prices, Natural Graphite Deep in Weak Demand Stalemate] June 25 News: This week, graphite anode material prices remained stable.

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Graphitisation Tolling Services Market Stagnant, Processing Fee Expected to Gradually Rise Later] June 25 news: This week, processing fees in the graphitisation tolling services market did not show significant fluctuations.

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Mild Two-Way Improvement in Supply and Demand, Anode Raw Material Coke Market Maintains Stable Operation Pattern] June 25 news: This week, China's anode raw material coke market was dominated by stable price operation. On the demand side, downstream anode material producers' purchasing strategies tended to be conservative.

[SMM Lithium Battery Electrolyte Market Weekly Review: This week's electrolyte prices remained stable (6.22-6.25)] From June 22 to June 25, 2026, electrolyte prices remained stable. Future electrolyte market price trends still need to be continuously monitored for raw material price fluctuations and their transmission.