Will Cobalt hydroxide (30% Co min, trading CFI China) be above $12 / Ib at the end of the trading year in 2025?

Resolution criteria

This market will resolve to "Yes" if the price of cobalt hydroxide (minimum 30% cobalt content, CIF China) exceeds $12.00 per pound on December 31, 2025. The primary source for verification will be the Shanghai Metals Market (SMM) price assessment published on that date. If SMM data is unavailable, alternative reputable sources such as Mysteel or Fastmarkets will be used.

Background

As of June 27, 2025, the price of cobalt hydroxide (25%-35% Co, CIF China) was $12.20 per pound, with a range of $12.00 to $12.40. (metal.com) In May 2025, prices fluctuated between $11.20 and $12.50 per pound. (mysteel.net).