Cobalt prices jumped 67% due to export ban

In March 2025, cobalt prices increased sharply by 67%. This surge followed the Democratic Republic of Congo's (DRC) announcement to ban cobalt exports for four months. The DRC aims to stabilize the cobalt market with this temporary halt. Investors are watching the cobalt market closely, as cobalt is crucial for electric vehicle batteries and other technologies. The increase in prices highlights the growing demand for cobalt amid efforts to balance supply. Several companies are actively involved in cobalt mining, including VALE, CMOC Group, and Zijin Mining. Analysts continue to share insights about these companies and investment opportunities in the cobalt sector. The cobalt market remains a key focus for investors, especially with the rising popularity of electric vehicles and energy storage solutions. Many are eager to see how the DRC's export ban will affect future pricing and availability.