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Minor metals · Comment Analysis 11-06 Published

Cobalt price surges by 24,000 yuan within a week! With supply disruptions and recovering demand, what's next for the market?

On November 6, 2026, the average market price of Changjiang Spot 1# cobalt was reported at 238,000 RMB/ton, representing an increase of 6,000 RMB compared to the previous trading day. Looking back at the price trend this week, cobalt prices have experienced a period of intense volatility, with a cumulative increase of 24,000 RMB for the week.

✍️ CCMN yangxf Editorial Team
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