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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":669,"relatedVideos":670},112467893899332,"8e90579f-543f-4c81-b4e2-d3ff5052d996","Impact of DRC’s cobalt export ban seen in cathode 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Economics",{"filename":569},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":573,"content":574},"doc",[575,592,601,608,621,634,639],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579,582,590],{"text":580,"type":581},"Following the temporary four-month ","text",{"text":583,"type":581,"marks":584},"suspension of cobalt exports from the Democratic Republic of Congo",[585],{"type":586,"attrs":587},"link",{"href":588,"uuid":49,"anchor":49,"target":49,"linktype":589},"https://source.benchmarkminerals.com/article/what-could-the-temporary-drc-cobalt-export-ban-mean-for-the-market?_branch_match_id=1544412865309183852&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWD87N8zEx8EsMC0qyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAAebHdUgAAAA%3D","url",{"text":591,"type":581}," (DRC) earlier this month, prices of nickel cobalt manganese (NCM) and lithium cobalt oxide (LCO) cathode materials have risen.",{"type":576,"attrs":593,"content":594},{"textAlign":49},[595],{"type":596,"attrs":597},"image",{"id":49,"alt":598,"src":599,"title":49,"source":49,"copyright":49,"meta_data":600},"","https://a.storyblok.com/f/287943243085208/20b2cde473/bm-cobalt-and-cathode-prices2x-3.png",{},{"type":602,"attrs":603,"content":605},"heading",{"level":604,"textAlign":49},4,[606],{"text":607,"type":581},"How is the cobalt export ban impacting the cathode market?",{"type":576,"attrs":609,"content":610},{"textAlign":49},[611,613,619],{"text":612,"type":581},"The rise in NCM cathode material costs is not wholly down to the DRC’s suspension of cobalt exports in an attempt to manage the large ",{"text":614,"type":581,"marks":615},"oversupply in the market",[616],{"type":586,"attrs":617},{"href":618,"uuid":49,"anchor":49,"target":49,"linktype":589},"https://source.benchmarkminerals.com/article/cmoc-supply-ramp-up-drives-cobalt-market-to-its-lowest-ebb-cobalt-2024-in-review?_branch_match_id=1544412856443175280&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWN0iMCvbPDEgMC0qyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAZC6TH0gAAAA%3D",{"text":620,"type":581},". Prices had already been rising due to increased costs for procuring and processing pCAM.",{"type":576,"attrs":622,"content":623},{"textAlign":49},[624,626,632],{"text":625,"type":581},"However, Benchmark has received reports that the sharp rise in cobalt sulphate prices has led to some NCM ",{"text":627,"type":581,"marks":628},"cathode producers",[629],{"type":586,"attrs":630},{"href":631,"uuid":49,"anchor":49,"target":49,"linktype":589},"https://source.benchmarkminerals.com/article/lfp-leads-ncm-evolves-cathode-2024-year-in-review?_branch_match_id=1544412860855987890&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWzy1wCXcvNM61DEiyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAsscbDEgAAAA%3D",{"text":633,"type":581}," suspending new order quotations. Instead, producers are focusing on fulfilling existing contracts with existing stocks.",{"type":576,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":581},"Benchmark understands that cathode producers are holding around one month of raw material stocks available before they will need to acquire more.",{"type":576,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":581},"The export ban has especially impacted LCO cathode producers which are the most exposed to cobalt oxide prices which rose 44% between 19 February and 19 March. Many LCO producers were unable to acquire cobalt oxide at an acceptable cost.","Following the temporary four-month suspension of cobalt exports from the Democratic Republic of Congo (DRC) earlier this month, prices of nickel cobalt manganese (NCM) and lithium cobalt oxide (LCO) cathode materials have risen. How is the cobalt export ban impacting the cathode market? The rise in NCM cathode material costs is not wholly down to […]",[646],{"slug":564,"name":565,"content":647},{"job_title":567,"image":648,"bio":570,"linkedin":571},{"filename":569},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"680495c3-2459-46da-92fc-b9aa9dad47cd\", \"id\": \"\"}-->","article",[652,655,657,659],{"slug":653,"name":654},"batteries","Batteries",{"slug":656,"name":298},"cathode",{"slug":658,"name":115},"cobalt",{"slug":660,"name":661},"critical-minerals","Critical Minerals","private",{"id":49,"alt":598,"name":598,"focus":598,"title":598,"source":598,"filename":664,"copyright":598,"fieldtype":665,"meta_data":666,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/19b76bf785/bm-etoile-mine-cobalt-2.jpg","asset",{"alt":598,"title":598,"source":598,"copyright":598},"Mar 21, 2025","21st March 2025",[],[],1781280254961]