By Tyndale Muchiya
The global cobalt market is experiencing a dramatic surge in price, with the metal closing the trading last week at USD $48,570 per tonne, according to official data obtained by the Zambian Business – ZBT.
This figure represents a significant 13% increase from the previous week’s close of USD $42,725 per tonne and underscores the intensifying supply-side pressures affecting this critical battery component.
The current price point is even more striking when viewed against year-to-date performance. The USD $48,570 per tonne price is a remarkable 99.88% increase from the USD 24,300.00 recorded on 3 January 2025, effectively marking a near-doubling of the commodity’s value in under ten months.
Zambia is, however, self-assured to miss out on a massive commodity boom as the global price of cobalt skyrockets. This is due to due to the country’s continued reliance on cobalt as a by-product of copper mining rather than as a primary focus. Professor Musango Lungu, Dean of the School of Mines and Mineral Sciences at Copperbelt University (CBU), however, explained ……Read the details in the weekly ZBT edition Get your copy via link https://zambianbusinesstimes.com/subscribe_to_zambian…/
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