This report provides a detailed overview of the global cobalt market in December 2025, focusing on price trends, geopolitical influences, and strategic developments in critical mineral security. It also covers recent financial activities and production updates from key industry players.
Navigating the Cobalt Landscape: Insights and Strategic Shifts
Global Cobalt Market Trends: A December 2025 Snapshot
In December 2025, the global cobalt market witnessed a notable upward trajectory in spot prices. The price per pound reached US$23.94, marking an increase from the previous month's US$22.03. This price movement reflects a dynamic environment influenced by several factors, including geopolitical strategies and shifting supply-demand fundamentals. Market participants are closely monitoring these trends to anticipate future movements and make informed decisions.
The Democratic Republic of Congo's Influence on Cobalt Supply
The Democratic Republic of Congo (DRC) is actively pursuing greater control over its vast cobalt resources. This strategic endeavor aims to maximize national benefits from the critical mineral, which is essential for numerous modern technologies, including electric vehicle batteries. However, these efforts carry the inherent risk of creating a significant supply shock in the global market. Any disruption from the world's largest cobalt producer could lead to widespread repercussions across industries reliant on this metal.
International Focus on Critical Minerals Security
The importance of critical minerals, such as cobalt, has escalated on the international stage. The United States is at the forefront of this movement, driving a new era of critical minerals security. This initiative encompasses increased stockpiling to ensure national supply resilience and significant investments in various projects aimed at diversifying sources and processing capabilities. This proactive approach underscores a recognition of critical minerals as vital components of national and economic security.
European Union's Strategic Investment in Mineral Resources
Mirroring the US efforts, the European Union has unveiled an ambitious €3 billion plan to bolster its critical minerals sector. This substantial investment aims to reduce reliance on external suppliers, enhance domestic production, and develop a more robust and sustainable supply chain within the EU. The plan highlights a collective understanding among major global economies regarding the strategic imperative of securing essential resources.
Key Developments in Cobalt Mining and Investment
The cobalt mining sector experienced several significant developments during the period. Jinchuan Group, a major player in the industry, reported a substantial decline in cobalt production for the first nine months of 2025, with output falling by 90.3% compared to the previous year. This sharp reduction could have implications for overall market supply. In parallel, Chilean Cobalt successfully finalized a strategic equity investment, raising US$3 million through contributions from Glencore and Madesal. This investment signifies continued confidence and financial activity within the cobalt exploration and development space, indicating ongoing efforts to expand and secure future supplies of the metal.
