Cobalt prices continued their downward trajectory during the week of June 23 to 28, 2025, according to publicly available mining commodity data.
The strategic metal is now trading at USD 32,646.00 per tonne, down from USD 33,791.00 the previous week.
This price decline comes amid ongoing export restrictions imposed by the Democratic Republic of the Congo (DRC), a major global supplier of cobalt.
In a press release dated June 21, the DRC’s Mineral Substances Regulatory Authority (ARECOMS) announced a three-month extension of the export suspension.
The measure aims to stabilize and regulate cobalt prices on the international market.
In contrast to cobalt’s continued decline, tin has resumed an upward trend. Tin prices rose slightly to USD 31,539.00 per tonne, up from USD 31,282.00 the previous week.
Tin concentrate (cassiterite) followed suit, increasing to USD 10,379.94 per tonne from USD 10,297.96.
Gold and copper showed divergent movements this week. Gold rose to USD 109.12 per gram, up from USD 108.29.
Copper, however, saw a modest dip, trading at USD 9,766.75 per tonne compared to USD 9,812.00 last week. Despite this minor drop, copper has shown a consistent upward trend since early June.
Silver and nickel also moved in opposite directions. Silver experienced a slight increase, reaching USD 1.19 per gram, up from USD 1.17. Meanwhile, nickel declined to USD 13,274.98 per tonne, down from USD 13,474.31.
Tantalum concentrate remained stable on the global market at USD 11,123.00 per tonne, while processed tantalum traded at USD 227.00 per kilogram.
Zinc prices declined slightly, falling to USD 2,604.90 per tonne from USD 2,663.90, reflecting a modest downward trend.
Overall, the global mineral market remains mixed, with cobalt’s continued decline standing out amid the DRC’s ongoing export control strategy.
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