On June 18th, the cobalt price plunged sharply. The short-term supply-demand situation reversed, and a repair window may open in the third quarter.

On June 18, 2026, the domestic cobalt spot market weakened again. The average price of 1# cobalt in the Yangtze River spot market was reported at 386,000 yuan per ton, a significant drop of 9,000 yuan from the previous trading day. The short - term price correction range continued to expand, and the pessimistic sentiment in the market heated up.